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Page Background Italy, Article: United Nations Tax Developments By Piergiorgio Valente, Chairman IAFEI International Working Committee Taxes; article provided by ANDAF, the Italian IAFEI Member Institute ……………………………………………………………. page 64-65 UK, Article: The Bailout Lexicon By Sarah Boyce, associate director, policy and technical, ACT, and by Will Spinney, associate director of education, ACT, treasury, from The Treasurer , November 2015, ACT , UK ……………………………………………………………. page 66-67 UK, Article: Optimal Capital Structures By Christina Leibl, head of capital structure Advisory, Lloyds Banking Group, and by Yuri Polyakov , head of financial risk advisory, at Lloyds Banking Group, from The Treasurer , October 2015, ACT , UK …………………………………………………………… page 68-69 IAFEI News: ……………………………………………………………… page 70 Editorial Board IAFEI Quarterly : List of Members ……………………………………………………………… page 70

IAFEI Quarterly | Issue 31 | 3

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