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The issues surrounding changes to the German VAT Implementing Code have been addressed. But has the Federal Ministry of Finance solved them all? Ronny Langer of KÜFFNER MAUNZ LANGER ZUGMAIER investigates.

While the requirement to furnish a tax residency certificate remains, some of the onerous amendments to the law have been done away with, adding a needed favourable chapter to India’s attempts to rationalise the law and practice of taxation of foreign companies in India, argues Avinash Narvekar of Ernst & Young

Luiz Felipe Centeno Ferraz and Matheus Bertholo Piconez of Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados explore the evolution of Brazil’s controlled foreign company (CFC) rules and look at some of the associated questions which still remain unanswered.

This article is the first in a monthly column on tax and technology issues for 2014. Companies that operate globally have a wide range of challenges and issues to consider, explain Vertex.

There is at least one certainty amid ongoing economic uncertainty: The frequency, complexity and intensity of tax audits are increasing throughout the globe. The heightened auditing activity represents a powerful response to widespread financial turmoil, believe Nancy Manzano and Bernadette Pinamont.

Globalisation has meant that items are increasingly being sent around the world. This includes an increasing amount of money being sent abroad, which may go untaxed if taxpayers, negligently or willingly, do not comply with their tax obligations. Karl Kuepper of PwC looks at the new standard for ensuring compliance, and explains the strategic and flexible approach taxpayers will be required to take.

Karina Pérez and Alejandro Ortega of PwC analyse Mexico’s recently reformed tax code and related administrative regulations, focusing on those provisions that taxpayers in the financial sector need to be acutely aware of.

Norway is participating in the European Economic Area which includes the 28 EU member states and the three European Free Trade Agreement (EFTA) states. The EEA treaty is largely founded on the same principles as the EU treaty and most EU regulations apply in Norway within the financial services sector, including taxation. PwC’s Dag Saltnes, Stian Roska Revheim and Liv Lundqvist explain.

Exporters from Germany should be aware that Customs requirements for proper proof of export changed in May.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Purchase $1.3 billion Tencent Holdings Ltd. JD.com Davis Polk & Wardwell LLP Skadden, Arps, Slate, Meagher & Flom LLP Acquisition Financing $1 billion Endurance Specialty Holdings Ltd. Aspen Insurance Holdings Ltd. Davis Polk & Wardwell LLP Skadden, Arps, Slate, Meagher & Flom LLP Acquisition $995 million Triton Alstom Lefosse Advogados - Gustavo Haddad, Bruno Carramaschi, Ana Couto Acquisition Financing $660 million Acadia Healthcare Company Partnerships in Care Waller Lansden Dortch & Davis LLP, Stephenson Harwood LLP Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Amended Revolving Credit Facility $3 billion Freeport-McMoRan JPMorgan Chase Bank, Bank of America Davis Polk & Wardwell LLP - Notes Offering $2.25 billion The Royal Bank of Scotland Group plc Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and Wells Fargo Securities, LLC Davis Polk & Wardwell LLP - Alon Gurfinkel, Jonathan Cooklin, David Wilson, Dominic Foulkes Shearman & Sterling LLP Initial Public Offering $1.1 billion Elior Deutsche Bank, J.P. Morgan Securities, CA CIB, HSBC, Barclays, Credit Suisse Latham & Watkins LLP White & Case LLP Senior Notes Offering $1 billion Seagate HDD Cayman Morgan Stanley & Co. Davis Polk & Wardwell LLP - Michael Farber, Rhiannon Nakano Senior Notes Offering $600 million Marsh & McLennan Companies, Inc. J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc. Davis Polk & Wardwell LLP - Lucy Farr, Ehan Goldman Willkie Farr & Gallagher LLP Senior Notes Offering $500 million KKR Group Finance Co. Simpson Thacher & Bartlett LLP Davis Polk & Wardwell LLP - Gregory Hannibal, David Mannion Notes Offering $500 million Enova International Jefferies LLC Hunton & Williams LLP, Baker & McKenzie LLP Davis Polk & Wardwell LLP - Samuel Dimon, Patrick Sigmon, Sam Van Peperstraete Secondary Offering £439.9 million Rexnord Corporation Goldman, Sachs & Co., Credit Suisse Securities LLC, Robert W. Baird & Co. Inc., Deutsche Bank Securities Paul, Weiss, Rifkind, Wharton & Garrison LLP Davis Polk & Wardwell LLP - Michael Farber, Patrick Sigmon Secondary Offering $178.9 million Vantiv, Inc. Goldman, Sachs & Co. Davis Polk & Wardwell LLP - Harry Ballan, William Curran Credit Facility $75 million Enova International Jefferies Finance LLC Hunton & Williams LLP, Baker & McKenzie LLP Davis Polk & Wardwell LLP - Samuel Dimon, Patrick Sigmon, Sam Van Peperstraete Secondary Offering $56.7 million Fabrinet Morgan Stanley Wilson Sonsini Goodrich & Rosati, Fulbright & Jaworski LLP Davis Polk & Wardwell LLP - Alon Gurfinkel