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UK broadcaster, Virgin Media, has significantly reduced its VAT payments for high-definition TV channels after establishing a subsidiary under the attractive tax regime of Luxembourg.

International Tax Review will present its fifth annual Asia Tax Awards in Singapore on November 23 2010.

The transfer pricing and tax disputes shortlists for the Americas Tax Awards 2010 have been announced.

The Polish government has announced that the standard rate of VAT will rise from 22% to 23% from January 1 next year.

Claims by a French company that the Netherlands' dividend withholding tax was contrary to the EU freedom of capital principle have been rejected by the Dutch District Court of Haarlem.

The Ugandan government wants to amend its income tax law to benefit from the profits expected from oil production in the next couple of years.

The Chinese Ministry of Finance has issued a circular that offers exemptions for businesses involved in offshore service outsourcing.

Type of Agreement Country Country Date Signed Tax Information Exchange Agreement Netherlands Seychelles August 12 2010 Double Taxation Treaty Hong Kong Liechtenstein August 13 2010

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $4.7 billion The Blackstone Group Dynegy Inc Simpson Thacher & Bartlett Gary Mandel & Jonathan Talansky Acquisition $70 million Dabur Three Hobi Group companies AZB & Partners Pekin & Bayar Acquisition Undisclosed STAR Capital Partners Pepcom Noerr Georg Edelmann & Oliver Trautmann Memorandum of Undestanding Undisclosed GDF SUEZ 70% of International Power Bredin Prat Linklaters

The UK government is to review ideas to cut the budget deficit submitted by the public as part of its Spending Challenge exercise.