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  • International Tax Review's weekly round up of the biggest deals and transactions.
  • Approximation of laws Directive 90/434/EEC Common system of taxation applicable to mergers, divisions, transfers of assets and exchanges of shares concerning companies of different member states Article 11(1)(a) Whether applicable to transaction tax. Whether a taxpayer can benefit from the EU Merger Directive when they structured a transaction to avoid real estate transfer tax.
  • Type of Agreement Country Country Date Signed Link Double Taxation Agreement Taiwan Hungary April 19 2010 Tax Information Exchange Agreement Australia Vanuatu April 21 2010 Link Double Taxation Agreement New Zealand Turkey April 22 2010 Double Taxation Agreement Bahrain Bermuda April 22 2010 Double Taxation Agreement Australia Turkey April 28 2010
  • Angela Savin has joined the partnership of Norton Rose in London. She specialises in tax litigation, Islamic finance, securitisations and structured finance.
  • The domiciliation of several large UK football clubs in low tax jurisdictions is criticised by a report from a charity which also highlights the plight of developing countries in their efforts to gather tax revenues.
  • US lawmakers will continue to look at international tax reform as a way to increase revenue, said Representative Chris Van Hollen, the democratic congressman from Maryland.
  • K&L Gates has strengthened its international tax practice with the launch of a group in Frankfurt and the hiring of a partner in Palo Alto.
  • taxation of foreign earnings; making profits in a low tax jurisdiction; unlawful restriction on its freedom of establishment in the EU; CFC rules should apply to companies operating outside the European Economic Area (EEA) and to EEA companies without genuine economic activities;
  • Vincent Oratore has become president of the Chartered Institute of Taxation for 2010-2011. He is a tax partner in the financial services group of Ernst & Young in London.
  • The new UK coalition government has announced that an emergency budget will be held on June 22.
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