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  • Five months after the Sultanate of Oman released information on the country’s first ever set of transfer pricing rules, little is still known about what they cover.
  • Germany's new coalition government has placed reforming the country's tax regime at the top of its agenda.
  • Energy company Consolidated Edison (Con Ed) has won an unprecedented victory in a US court concerning a complex leveraged matter known as a lease-in lease-out (LILO) transaction
  • Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition €1 billion ($1.4 billion) Deutsche Bank Sal. Oppenheim Freshfields Bruckhaus Deringer Michael Randerath & Jan Brinkmann Acquisition £226 million ($370 million) Barclays Bank Standard Life Bank Freshfields Bruckhaus Deringer David Taylor & Faye Klempka Acquisition £225 million ($369 million) RHJ International SA Kleinwort Benson Private Bank Clifford Chance Restructuring Undisclosed HM Treasury Northern Rock Slaughter & May Tony Beare Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Rights Issue Undisclosed Laird JP Morgan Cazenove & NM Rothschild Slaughter & May Gareth Miles
  • International Tax Review is conducting its annual poll to find the 10 most admired tax directors in Latin America
  • Type of Agreement Country Country Date Signed Link Tax Information Exchange Agreement Australia Cook Islands October 28 2009 Link Tax Information Exchange Agreement UK Bahamas October 29 2009 Link Tax Information Exchange Agreement Liechtenstein Belgium, Antigua and Barbuda October 29 2009 Tax Information Exchange Agreement Cayman Islands Netherlands Antilles November 2 2009
  • House Ways and Means Committee chairman Charles Rangel and Senate Finance Committee chairman Max Baucus have introduced legislation to give the Internal Revenue Service (IRS) greater ability to "detect, deter and discourage offshore tax abuses" involving US taxpayers with foreign assets.
  • Misalignment of tax rates and a lack of coherency are two reasons why New Zealand's tax system needs to be reformed, says a group of taxpayers, officials, advisers and academics
  • The European Council has adopted two new directives that codify existing text on the taxation of mergers and on the exemption of VAT.
  • By Catherine Snowdon in New York