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German court rejects taxpayer’s claim for input VAT deduction and sticks to previous decision on time limits.

Sheikh Salman Bin Hassan Al-Thani has become chief financial and tax officer of the Qatar Financial Centre Authority (QFC Authority), the commercial and strategic arm of the Qatar Financial Centre (QFC) and responsible for developing and ensuring compliance with the QFC regulations and rules comprising the QFC’s legal and tax environments.

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Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $1.68 billion BTG Pactual Banca della Svizzera Italiana (BSI) Skadden - James Anderson, Alex Jupp, Melanie Shaw, Thomas Kim Acquisition $170 million Aalberts Industries Impreglon SE Hengeler Mueller Acquisition $100 million ServiceNow Inc. Neebula Systems Ltd. Fenwick & West - Adam Halpern, Will Skinner, Gilad Yacubovich Acquisition Undisclosed Autodesk, Inc. Shotgun Software Inc. WSGR Fenwick & West - Adam Halpern, Idan Netser, Zach Jones, Arnold Keizer Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Initial Public Offering $1.77 billion NN Group N.V. Deutsche Bank AG, London Branch, ING Bank N.V., J.P. Morgan Securities plc, Morgan Stanley & Co. International plc Allen & Overy Davis Polk & Wardwell - John Paton, Alon Gurfinkel, Rhiannon Nakano Bonds Offering $1 billion Greenland Global Investment Ltd BOCI Asia Limited, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities plc and Deutsche Bank AG Davis Polk & Wardwell - Alon Gurfinkel, Maer Harel, Lena Qiu Linklaters Senior Secured Credit Facilities $1 billion Rovi Corporation Morgan Stanley Senior Funding, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Fifth Third Bank and SunTrust Robinson Humphrey, Inc. Cooley Davis Polk & Wardwell - Craig Phillips, Neetin Gulati Credit Enhanced Convertible Bonds Offering $161 million China Yongda DBS Bank Ltd., UBS AG Linklaters Davis Polk & Wardwell - Alon Gurfinkel, Sarah Joy

Once again, the German Federal Fiscal Court has confirmed that the German provision regarding the tour operator margin scheme contradicts the provisions of the EU VAT Directive.

Herve Israel has joined DLA Piper as a partner in Paris.

Ernie Lai King has joined Hogan Lovells in their Johannesburg office. King was previously head of the China Group at Edward Nathan Sonnenbergs and will now lead Hogan Lovells’ tax and China practices in South Africa.

The Australian Taxation Office is setting up a pilot programme which could result in auditors of large businesses with turnover of between A$100 million ($95 million) and A$5 billion conducting assurance on behalf of the tax authorities.

Jean-Louis Huchant, a former chief financial officer in France, writing here in a personal capacity, explains what information and support a CFO requires from a tax director to ensure that tax considerations are taken into account, though do not dominate, business decisions.

Governments have bridled at its extra-territorial effect, financial institutions have laboured to comply with its reporting and due diligence requirements, and some US Congressmen threatened to wreck it, but the withholding requirements under the Foreign Account Tax Compliance Act (FATCA) still took effect on July 1, six months later than planned.