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Companies adopt a wait and see attitude to Russia’s new transfer pricing rules.

On June 30 2010 a new decree was published in the Mexican Federal Official Journal, which grants new administrative relief to taxpayers.

The acquisition by LECG, a global business advisory and professional services firm, of Bourne Business Consulting, a London firm, closed on July 2.

David Borkovec has been made a partner in the PricewaterhouseCoopers tax and legal services department in Prague.

The Australian government hopes to use international information exchange as part of an increased scrutiny of transfer pricing arrangements.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Joint Venture $10 billion Air France-KLM Delta Air Lines Alitalia Skadden, Arps, Slate, Meagher & Flom Pierre Servan-Schreiber, Stéphane Héliot & Arash Attar-Rezvani Merger $4.9 billion Aon Corporation Hewitt Associated Debevoise & Plimpton Acquisition $1.5 million Electricity Supply Board Northern Ireland Electricity Slaughter and May William Watson Acquisition Undisclosed NBH Holdings Bank Midwest National Association Wachtell, Lipton, Rosen & Katz Joshua Holmes Type of Deal Value Issuer/Borrower Lead Manager/Arranger Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Syndicated loan agreement $1.25 billion Zodiac Aerospace Undisclosed banks Bredin Prat Pierre-Henri Durand Herbert Smith If you would like to raise the profile of your firm, please send deal information to Jack Grocott (jgrocott@euromoneyplc.com).

President Barack Obama last week urged the US Congress to approve an additional $5 billion in clean-energy tax credits.

Type of Agreement Country Country Date Signed Tax Information Exchange Agreement Isle of Man Portugal July 9 2010 Tax Information Exchange Agreement Jersey Portugal July 11 2010

The UK government is considering another tax on banks in addition to the bank levy about which it published a consultation document today.

The Delhi High Court has issued a landmark ruling providing guiding principles on the applicability of the arm’s-length standard to the realm of marketing intangibles.