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A lack of accountability of officials is one of the reasons why India is struggling to develop an effective form of dispute resolution system for tax cases, delegates at International Tax Review's first India Tax Forum were told.

Peter McCullough has joined Blake Dawson as a partner in its direct tax practice in Sydney.

The Internal Revenue Service (IRS) has strongly suggested that US financial institutions with operations in El Salvador re-evaluate their tax position in El Salvador.

The Income Tax Appellate Tribunal (ITAT) has held that tax planning carried out within the provisions of the law cannot be classed as a structured transaction for tax evasion purposes, even if the structure saves the company tax.

The UK's top banks have signed up to the government's code on banking taxation.

GST, Canada, property, credit card agreement

ActionAid, the UK-based development agency, released a report yesterday on the ways in which it believes one international brewing and bottling company avoids paying corporate tax in Africa.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $5.3 billion KKR, Vestar Capital Partners and Centerview Partners Del Monte Foods Company Simpson Thacher & Bartlett - Steven Todrys, Adam Wells and Danny Salinas Acquisition Undisclosed Facebook Walletin Fenwick & West - Tim Fitzgibbon Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Senior notes offering $650 million Precision Drilling Corporation Simpson Thacher & Bartlett - Robert Holo, Jonathan Cantor and Chang Won Choi

The Supreme Court in London has refused to hear HM Revenue & Customs's challenge to a Court of Appeal decision that a group of taxpayers had made their application for the payment of compound interest in relation to VAT refunds on time.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $1.3 billion Cardinal Health Kinray Wachtell, Lipton, Rosen & Katz - Deborah L. Paul & Vincent G. Kalafat Acquisition $932 million OneSteel Moly-Cop and AltaSteel Shearman & Sterling - Douglas McFadyen Merger Undisclosed Northern Foods Greencore Group Herbert Smith - Isaac Zailer Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Net share settled bond issuance $238 million SILIC Morgan Stanley & Co, International plc, BNP Paribas, Crédit Agricole Corporate and Investment Bank, and Lazard-NATIXIS De Pardieu Brocas Maffei - Alexandre Blestel Linklaters