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  • Small firms - the next big thing?

    In 1997, a number of high-profile tax advisers made a bid for professional independence by setting up their own tax boutiques. Can these firms survive without the support of a large law or accounting firm network? Phillippa Cannon reports


  • Ernst & Young tax breaks $2 billion barrier

    Fee income figures for the big six firms show that the corporate appetite for international tax advice is voracious. Four of the firms plan mergers to help service this demand but, as Phillippa Cannon reports, alternative strategies exist

  • Redesigning the global corporation

    As the globalization of US multinationals proceeds at an ever-faster pace, tax planning opportunities can sometimes be overlooked. Capital restructuring is one such opportunity. Eli Fink and Eric Overman, Deloitte & Touche, New York examine the potential tax savings

  • Australia takes on regional competition

    After losing out to its Asian neighbours in attracting a number of big investment projects, the Australian government has announced a new investment programme which includes tax incentives. Ian Dinnison, of KPMG, Melbourne reports on the new attractions

  • Switzerland returns to form

    Tax reform in Switzerland has revitalized the Swiss holding company regime. Peter Riedweg of Homburger Rechtsanwälte, Zurich looks at some of the regime’s new features, which include a capital gains tax exemption for qualifying participations

  • ACT lives on – in the shadows

    The problem of surplus advance corporation tax has long been the bane of the UK multinational’s life. Now the ACT system is set for abolition. Murray Clayson of Freshfields, London considers the consequences, and the likely form of a successor shadow system

  • Germany gets to grips with reform

    Germany’s ambitious and comprehensive programme of tax changes has not been realized, but Felix Klinger of Schitag Ernst & Young, Frankfurt alerts readers to the real reforms that have been effected in the shadow of this programme

  • Korea: variations on OECD theme

    Korea’s International Tax Coordination Law updates the country’s transfer pricing regime, to deal with a growing volume of international transactions. Brian Park of Price Waterhouse, Seoul looks at the detailed requirements of the regime

  • Dual income versus capitalization

    Italy has introduced a dual income tax system, in the hope of overturning existing levels of capitalization. Paul Smith and Piergiorgio Valente of Ernst & Young, Milan, assess the benefits of the new system, and question the likelihood of a serious challenge to debt/equity policies

  • Actively seeking expatriates

    Peter Vansteenkiste of Coopers & Lybrand, Antwerp and Eugene Weultjes of Coopers & Lybrand, Rotterdam assess the attractions of two traditionally expatriate-friendly regimes – Belgium and the Netherlands

  • Gibraltar bids for captive market

    Captive insurance can be an efficient vehicle for protecting companies against risk. Chris Johnson of Norwich Union, Gibraltar examines the options on offer, the role of tax in reducing costs, and the appeal of Gibraltar as a domicile for the captive owner

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International Correspondents

International Correspondents