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Anders Oreby Hansen Bech-Bruun and Philip will have a tax practice of 18 fee earners when the two Danish firms merge on January 1.

Andreas Baumann started as a partner and head of the international tax practice of TJP Tax, an Austrian firm, on October 1. He was formerly with Wolf Theiss, which he will continue to work with as external counsel, and before that, Schoenherr.

Ken Almand Baker Tilly is expanding its transfer pricing capabilities with the hire of Ken Almand as a tax partner. Almand, who has previously held posts with Mazars, HM Revenue & Customs (HMRC) – where he was an international tax specialist in the authority's International Division – and a big four firm, specialises in transfer pricing.

It is time for the UK's top tax official to leave office. Dave Hartnett, HM Revenue & Customs' permanent secretary, has made a made a big contribution to tax in the UK and globally, but a series of recent controversies is adversely affecting his reputation.

Simon Property Group, America’s biggest shopping mall operator, is suing the Indiana Department of Revenue in an attempt to force the state to collect sales tax from the internet retailer.

The effects of the economic recession felt in a particularly strong way in certain EU member states have resulted in migration of many foreign companies to Bulgaria. Being one of the countries in the EU with the lowest (10%) corporate tax rate, Bulgaria offers stable economic environment, as well as simple and cost-effective procedure for accommodating businessmen searching for tax optimisation of their investments.

The first package of austerity measures was voted by the House of Representatives on August 26 2011. The measures intend to assist Cyprus in reducing expenditure while increasing revenue and at the same time maintaining Cyprus's reputation as a stable and competitive financial centre. The changes entail amendments to various laws, including amendments to the immovable property tax whereas a second and most likely a third package of further financial changes is expected in subsequent months.

The French government has announced that companies with revenue over €250 million ($344 million) will be hit with an additional corporate tax equal to 5% of their assessed tax, for the fiscal years 2011 and 2012.

Type of Agreement Country Country Date Signed Tax information exchange agreement India Jersey November 4 2011

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition Undisclosed Corporation Service Company (CSC) MLM Information Services Skadden, Arps, Slate, Meagher & Flom - Moshe Kushman Willkie Farr & Gallagher Investment Undisclosed Tencent Holdings Limited Kaixin001 Conyers Dill & Pearman; Han Kun Law Offices Davis Polk & Wardwell - John Paton, Adam Perry Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) SEC-registered offering $2 billion Royal Bank of Canada RBC Capital Markets; Goldman, Sachs & Co Sullivan & Cromwell; Norton Rose Davis Polk & Wardwell - Michael Farber, Arie Rubenstein Public notes offering $1.85 billion IBM (International Business Machines Corporation) Barclays Capital; BNP Paribas; Citigroup; JP Morgan Davis Polk & Wardwell - Michael Mollerus, Ethan Goldman Notes offering $1.15 billion Corporacion Nacional del Cobre de Chile (CODELCO) HSBC Securities; Mitsubishi UFJ Securities Cleary Gottlieb Steen & Hamilton; Carey y Cia Ltda Philippi, Yrarrazaval, Pulido & Brunner Abogados; Davis Polk & Wardwell - Michael Mollerus, Kerry Price SEC-registered follow-on public offering $1 billion Arcos Dorados Holdings Inc JP Morgan; Morgan Stanley; Citigroup; BofA Merrill Lynch; Itau BBA; Credit Suisse Davis Polk & Wardwell - Rachel Kleinberg, Yuliya Epifantseva Millbank, Tweed, Hadley & McCloy; Walkers SEC-registered notes offering $600 million CSX Corporation Citigroup Global Markets; Morgan Stanley & Co Davis Polk & Wardwell - Po Sit, Jason Chlipala Shearman & Sterling