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Top Indian government officials are meeting today to discuss the future of the country's new direct tax code, after several key areas were identified as needing more examination.

The European Commission has referred the UK to the European Court of Justice over the improper implementations of a ruling on cross-border relief.

Type of Agreement Country Country/Jurisdiction Date Signed Effective Date Link Tax Information Exchange Agreement Australia Guernsey October 7 2009 Unknown Australia-Guernsey TIEA Tax Information Exchange Agreement Bermuda France October 8 2009 Unknown Bermuda-France TIEA

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $3 billion Cisco Systems Tandberg Fenwick & West Acquisition $1.5 billion Agilent Varian Fenwick & West: Ron Schrotenboer, Tim Fitzgibbon Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Securitisation €487.65 million ($717.39 million) FCE Bank Deutsche Bank Lovells: Philip Harle, Heiko Gemmel, Anton Louwinger and Robert Eyre Rights issue c.£275 million ($441 million) Ladbrokes Slaughter and May: Gareth Miles, Richard Jeens

President Barack Obama and his administration need to be very careful when thinking about making changes to the corporate tax rate in the US, a Washington, DC seminar was told last week.

Tax avoidance was the obvious target as governments from across the world sought blame for the world's financial woes, says a leading tax professional.

The accounting firm has found a successor to Danny Beeton as UK head of transfer pricing.

The most powerful member of the US House of Representatives has said a value-added tax is "on the table" to deal with America's budget deficit

Gonçalo Falcão has joined Thompson & Knight as a partner in the tax practice in Rio de Janeiro. His international tax specialty is representing clients throughout Africa, including with petroleum tax assessments in Angola, and in setting up business structures in Angola and Mozambique.

A five-strong tax team has left DLF Avocats in Paris to join Kramer Levin Naftalis & Frankel's office in the same city. Rémi Dhonneur, who will become a partner at his new firm, Philippe Mauduit, who joins as counsel, two associates and one other lawyer have made the move.