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  • The US Court of Appeals for the Ninth Circuit last week affirmed a District Court for the Western District of Washington ruling that Bluetooth Special Interest Group (SIG) is not entitled to exemption from taxation.
  • The UK government launched a consultation period on the introduction of a bank levy with the publication of a document on the technical aspects of its design and implementation on July 13.
  • The first test cases using mediation to try to resolve UK tax disputes will begin this autumn.
  • UK tax authorities have made a strike against the serious problem of missing trader intra-Community (MTIC) scams with the largest-ever confiscation order in a VAT fraud case.
  • The Dispute Settlement Body (DSB) of the WTO has established a panel to address complaints lodged against the Philippines' rules on excise taxes.
  • The Chinese authorities have issued a circular that launches a pilot programme for the reform of the country's resources tax.
  • Five tax disputes specialists have left Vantis to join Begbies Traynor in London.
  • Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $377 million Caravelle DHL Express Finance's French Parcel Business Bredin Prat Pierre-Henri Durand Acquisition $335 million QBE International Holdings Secura NV Slaughter & May Steve Edge Acquisition $316 million American Sugar Tate & Lyle's European Sugar Refining Business Shearman & Sterling Simon Letherman Ownership Stake Undisclosed Responsys Eservices Fenwick & West Jeff Vetter & Edgar Tirado Type of Deal Value Issuer/Borrower Lead Manager/Arranger Adviser to issuer/borrower (tax) Adviser to lead managers (tax) IPO Undisclosed Ocado Group Goldman Sachs International, J.P. Morgan Cazenove and UBS Allen & Overy Lydia Challen
  • Type of Agreement Country Country Date Signed Double Tax Agreement Barbados Panama June 25 2010 Double Tax Agreement Germany United Arab Emirates July 1 2010 Double Tax Agreement India Mauritius July 3 2010 Double Tax Agreement Ireland United Arab Emirates July 3 2010
  • Next year 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.
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