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International Tax Review is conducting its annual poll to find the 10 most admired tax directors in Latin America

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

Paolo Giacometti Law Decree No. 78 dated July 1 2009, as converted into law by Law No. 102 dated August 3 2009, introduced a new tax amnesty to encourage the repatriation of assets held in foreign jurisdictions and not properly disclosed in the annual tax returns by certain Italian taxpayers.

Handy Kurniawan There is a change in the treatment of deductibility of promotion and selling costs in the application of the amendments to the Income Tax (Law Number 36 of 2008), which took effect on January 1 2009.

Qatar has become the latest Gulf state to slash its corporate tax rate, amid attempts to attract foreign investment to the region.

An academic has accused Dutch multinationals of evading €16 billion ($23 billion) in corporate income tax.

Rajendra Nayak Ganesh Pai The Delhi Income-tax Appellate Tribunal (ITAT) has recently, in the case of Saraswati Holding Corporation (2009-TIOL-529-ITAT-DEL), adjudicated on the issue pertaining to the eligibility of the taxpayer, to claim the benefit of the capital gains tax provision under the India-Mauritius tax treaty.

Janne Juusela The Finnish Government has published the outline of the 2010 budget, which include some changes to taxation. The following is a brief description of the planned actions. The proposed budget was presented to the parliament on September 15 2009.

Bob van der Made The stalled Lisbon Treaty, intended to make the enlarged EU more democratic and efficient, was adopted by the Irish people on October 2 2009 by 67.1% yes versus 32.9% no. The turn-out was 58%.The yes turn around amazed many in Ireland. A yes vote was expected but not this high. The focus subsequently switched to the presidents of Poland and the Czech Republic, who still needed to sign the treaty after their parliaments had ratified it already. The signing by the presidents was the last hurdle before the reform treaty could finally enter into force, at the latest on January 1 2010.

Karen Truyers Stéphanie Draulans Companies which develop their business in an international environment often bear costs in other EU member states on which they have to pay local VAT. To ensure that VAT remains a neutral tax, these companies are able to reclaim the local VAT paid on expenditures incurred for the purpose of their taxable operations.