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  • The Canada Department of Finance has released draft legislative proposals which, if enacted, will change the rules for taxation of employee stock options.
  • Type of Agreement Country Country Date Signed Tax Information Exchange Agreement British Virgin Islands Germany October 5 2010 Double Tax Ammendment Russia Cyprus October 6 2010 Tax Information Exchange Agreement Bermuda India October 7 2010
  • International Tax Review will present its fifth annual Asia Tax Awards at the Fullerton Hotel in Singapore on November 23 2010.
  • Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Investment $1.2 billion Televisa Univision Wachtell, Lipton, Rosen & Katz T. Eiko Stange Acquisition $380 million First Reserve Rovigo solar power plant Simpson, Thacher & Bartlett John Creed Acquisition $44 million Community Bancorp Cadence Bank Wachtell, Lipton, Rosen & Katz Joshua Holmes Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Top-Up Placing $292 million China Everbright China International Capital Corporation Slaughter & May
  • The European Commission has said banks and financial services companies must make a fair contribution to public finances and has come out in support of two new taxes for the sector.
  • Liberal Party leaders in Canada are proposing to defer corporate tax breaks that are scheduled to take effect next year.
  • Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $300 million DeNA ngmoco Fenwick & West Adam Halpern & Natalie Pardo de Zela Acquisition Undisclosed BNP Paribas AEW Europe's property management businesses in Central Europe Grant Thornton Jérôme Bogaert & Stéphany Brevos Arsene Taxand François Lugand & Franck Llinas Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) High yield bond offering $414 million Picard Crédit Suisse, Citigroup, Morgan Stanley, Crédit Agricole CIB & Société Générale Shearman & Sterling Bernie Pistillo & Shiu-Kay Hung
  • Siqueira Castro - Advogados has strengthened its ability to offer comprehensive tax advice to clients in Brazil by hiring two partners and 12 associates.
  • The next 18 months will herald a widescale period of change for tax in India. It will force tax directors from domestic and international companies to completely reconsider their strategies and to seek efficiencies at all levels of their company's tax affairs.
  • The Swedish government has announced it will set up a review of the country's corporate tax system, though it has not said when the inquiry will start or what topics it will cover.
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