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Businesses receiving investment banking services in Finland for the sale or purchase of shares should not pay VAT on such services, according to a recent court ruling that also allows companies to reclaim several years of paid indirect taxes.

Withers has hired corporate tax specialists Ton van Doremalen and Daniele Dal Corso to work in its Dubai tax office, which opened in June 2016.

Andrew Howard has been appointed to partner in the tax and benefits practice at Ropes & Gray in London.

South African Finance Minister Pravin Gordhan said the government will raise $3.1 billion in revenues through tax measures between now and the next two financial years, with several changes that will have a significant impact on domestic and foreign businesses operating in the country.

IKEA has lost an important tax battle that could have implications for other multinationals deducting interest on inter-company debt.

Norway has ruled in the IKEA Handel og Eiendom case involving more than $50 million in interest deductions on inter-company debt in a tax decision that could have implications for multinationals using the arm's-length principle.

Type of Deal Value Acquirer Target dviser to acquirer (tax) Adviser to target (tax) Merger $36 billion PotashCorp Agrium Stikeman Elliott; Jones Day Blake, Cassels & Graydon; Norton Rose Fulbright; Paul, Weiss, Rifkind, Wharton & Garrison; Latham & Watkins Merger $13 billion Waste Connections Progressive Waste Solutions Locke Lord; Bennett Jones Stikeman Elliott; Weil, Gotshal & Manges Acquisition $10 billion Avolon Holdings CIT Commercial Air Weil, Gotshal & Manges; Freshfields Bruckhaus Deringer Wachtell, Lipton, Rosen & Katz Acquisition $6.3 billion Endurance Specialty Holdings Sompo Holdings Skadden, Arps, Slate, Meagher & Flom: Sally Thurston Davis Polk & Wardwell Acquisition $3.2 billion Bats Global Markets CBOE Holdings Davis Polk & Wardwell: Neil Barr Sidley Austin Acquisition $2.7 billion LANXESS Chemtura Corporation Skadden, Arps, Slate, Meagher & Flom: Eric Sensenbrenner Davis Polk & Wardwell: Neil Barr 2 x Acquisitions $2.4 billion China Three Gorges; I Squared Capital Advisors Duke Engergy

The OECD BEPS Actions will result in a higher effective tax rate (ETR) and cash tax liability for most multinationals, whereas investors will continue to strive for lower ETRs and cash tax liabilities in the companies they consider for investment. Keith Brockman looks at where the balance should be in this equation, and who should be the master negotiator.

Brazil’s retail sector is shrinking, but governments want more revenue, so where does that leave businesses? The tax chief at international fashion retail company C&A talks to Amelia Schwanke about the changes taking place in the notoriously complicated tax jurisdiction.

Distance-selling regimes that impose a sales tax on digital goods and services are spreading across the globe. Joe Stanley-Smith looks at how these changes are being shepherded by the OECD.