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Nikhil Mehta is stepping down as a tax partner of Cleary Gottlieb Steen & Hamilton in London. He has requalified as a barrister and will start work at Gray's Inn Tax Chambers in the new year. He became a partner of Linklaters in 1989, eventually becoming head of contentious tax. He joined Cleary Gottlieb in 2002.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition £17.5 million ($28.5 million) Highland Spring Greencore Water Taylor Wessing Nikol Davies & Anna Johnson Acquisition Undisclosed EQT & GIC Springer Science + Business Media Freshfields Bruckhaus Deringer Norbert Schneider Acquisition Undisclosed Credit Agricole Evergreen De Pardieu Brocas Maffei Emmanuel Chauve & Marie-Laure Bruneel SBKG & Associés Spin-Off Undisclosed Time Warner AOL Cravath, Swaine & Moore Steohen Gordon & Lauren Angelilli Simpson Thacher & Bartlett Katharine Moir & Sean Austin Acquisition Undisclosed Sinclair Pharma Undisclosed dermatology products from Solvay Pharmaceuticals Simmons & Simmons Candice Brackpool Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) IPO $127.8 million 7 Days Inn JP Morgan Securities & Citigroup Global Markets O'Melveny & Myers Larry Sussman

The Dutch Ministry of Finance should be commended for introducing targeted interest deduction tax measures rather than a complete corporate tax reform package, says a leading Dutch tax professional.

Douglas Shulman, Commissioner of the Internal Revenue Service (IRS) in the US, has told taxpayers and advisers that the international tax system needs to change to to meet the challenges of a shrinking world

Europe's top official for development issues has said that now is the time to help developing countries increase their revenues by building robust tax systems

Type of Agreement Country Country Date Signed Link Tax Information Exchange Agreement Argentina San Marino December 7 2009 Link Tax Information Exchange Agreement UK Montserrat December 9 2009 Link Tax Information Exchange Agreement Denmark Saint Lucia December 10 2009 Link Tax Information Exchange Agreement Netherlands Malaysia December 10 2009 Tax Information Exchange Agreement China British Virgin Islands December 10 2009

Julien Gayral has become a tax partner of Bredin Prat in its Paris office.

US lawmakers are moving forward with proposed legislation that would impose new taxes on foreign banks that refuse to disclose the identity and contents of accounts owned by US taxpayers

A senior Internal Revenue Service (IRS) official has said that the US tax authorities are working on building relationships with their counterparts overseas and improving the efficiency of these exchanges

Chile will join the OECD on January 11 2010 after it signs the Accession Agreement in Santiago.