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Mutual agreement procedures may be an effective way of resolving tax disputes in Mexico, but taxpayers should be aware that domestic strategies are also available.

Ten weeks after the case began, the hearing ended with Chief Justice Kapadia briefly toy with idea of referring the case to a larger bench to reconcile the conflicting principles laid down in McDowell and Azadi Bachao.

Jesse Norman, a member of the UK Treasury Select Committee, has called for Dave Hartnett, HM Revenue & Customs’ permanent secretary, to resign over a tax settlement with Goldman Sachs.

Australia’s Assistant Treasurer expects to implement a series of tax breaks for foreign investment funds next month.

Lawyers from Baker & McKenzie investigate transfer pricing law and developments from across the region.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $230 million Roche Anadys Pharmaceuticals Inc Davis Polk & Wardwell - Michael Mollerus Acquisition $90 million Keynote Systems Inc Mobile Complete Inc dba DeviceAnywhere Fenwick & West - Matthew Noerper Acquisition Undisclosed Facebook Inc Somo Enterprises, Inc dba Friend.ly Fenwick & West - Larissa Neumann Acquisition Undisclosed Nuance Communications Inc Swype Inc Fenwick & West - Jay Cosel Acquisition Undisclosed Exponential Interactive Inc AdoTube Inc Fenwick & West - Larissa Neumann Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) SEC-registered global equity offering $891 million TIM Participacoes SA Davis Polk & Wardwell - Harry Ballan, Una Au; Lefosse Advogados Milbank, Tweed, Hadley & McCloy; Mattos Filho, Marrey Jr e Quiroga Advogados Acquisition financing $500 million Joy Global Inc Goldman, Sachs & Co; JP Morgan Securities; Merrill Lynch, Pierce, Fenner & Smith Inc Covington & Burling Davis Polk & Wardwell - Samuel Dimon, Changsheng Song SEC-registered consent solicitation $400 million NBCUniversal Davis Polk & Wardwell - Rachel Kleinberg, Una Au Debt tender offer Undisclosed True Move Company Limited Deutsche Bank AG; Citibank NA Davis Polk & Wardwell - John Paton, Adam Perry Milbank, Tweed, Hadley & McCloy; Patterson Belknap Webb & Tyler

German Chancellor Angela Merkel has hit out against governments that shy away from compelling the financial sector to contribute to its role in the economic turmoil.

With elections on the way for 2012 in a number of countries in the Central American region, Rafael Sayagués of Ernst & Young considers the most important aspects of tax policy that will be focused on in the coming years

Senators John McCain (Rep-Arizona) and Kay Hagan (Dem-North Carolina) have proposed a reduction in the tax rate for repatriated foreign earnings, from 35% down to 8.75%, for a period of one year, but permanent implementation may be needed to benefit the economy in the long run.

Marienne Mendonça Shiota Coutinho looks at Brazil’s evolution in the international tax arena and what this means for foreign investors