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The Indian government yesterday has the second draft of the controversial Direct Tax Code.

In Tax Briefing Issue 07 of 2010, released on June 10, the Irish tax authorities have issued guidance on the documentation that is required from taxpayers to comply with the new transfer pricing rules.

Alexis Carrera of Ernst & Young in Ecuador explains that the Ecuadorian tax administration seems to be straying further from transfer pricing best practices and the OECD guidelines.

Elen Orsini has left the Brazilian Federal Revenue Service and joined Machado Associados.

Kenya, Tanzania and Uganda have all released budgets containing tax measures. Some aimed at stabilising the countries' tax systems by clarifying certain areas of tax and other changes are intended to improve revenue collection rates.

Finance ministers from the G20 may have dashed the hopes of supporters of global taxes on financial institutions

International law firm Baker & McKenzie has added a transactional tax partner to its New York and Washington offices.

Type of Agreement Country Country Date Signed Tax Information Exchange Agreement Bermuda Brazil June 10 2010 Double Taxation Agreement Libya United Arab Emirates June 13 2010 Tax Information Exchange Agreement Bermuda Canada June 14 2010 Tax Information Exchange Agreement Turks & Caicos Germany June 15 2010

Global companies have said tax breaks would encourage them to invest in eco-friendly practices.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $3.4 billion Grifols Talecris Biotherapeutics Holdings Wachtell, Lipton, Rosen & Katz Deborah Paul Acquisition $1.1 billion Altegrity Kroll Debevoise & Plimpton Acquisition $517 million Cardinal Health Healthcare Solutions Holding Wachtell, Lipton, Rosen & Katz Deborah Paul Acquisition $315 million Synopsys Virage Logic Fenwick & West Acquisition Undisclosed Synopsys Synfora Assets Fenwick & West If you would like to raise the profile of your firm, please send deal information to Jack Grocott (jgrocott@euromoneyplc.com).