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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.

The main theme of the Malta's 2017 budget, from a commercial perspective, is to incentivise the markets, boost business creation and attract foreign direct investment. At the core of the budget document are a number of tax measures and incentives.

Several measures that alter the tax treatment of businesses and the compliance burden have been announced around the world during the past month, but it is not all bad news.

The insurance industry in Nigeria is fighting to reduce an unfair and overburdening tax liability. Adebayo-Begun Oluwatomisin, senior adviser at KPMG Nigeria highlights the big issues affecting the sector, from what is being done to address these challenges, to which other countries provide good structures that support their businesses.

Some investors and advisers still believe that the global withholding tax reclamation process is so complex and labour-intensive that it outweighs the advantages, but this is simply not true. Bill Salva, global business development manager at Goal Group looks at the options for reclaiming withholding tax.

Brazilian tax authorities (RFB) issued Normative Instruction 1,658/2016 (NI 1,658) that includes Ireland in the list of tax havens (the black list) and also adds the regime applicable to Austrian holding companies to the list of privileged tax regimes (the grey list).