Search results for

The Ministry of Foreign Trade and Economic Cooperation recently issued amendments to the rules on foreign-invested holding companies or investment-type companies.

Canadian tax considerations have recently given financial institutions (such as banks, credit unions, insurance companies and investment dealers) a reason to exercise dissent rights in respect of a merger or acquisition or corporate reorganization, even where the financial institution does not object, from a commercial perspective, to the transaction. Exercising dissent rights may in some circumstances provide an opportunity for the financial institution to exit its investment in a particular corporation on a tax-free basis.

Derek Jenkins and John Whiting of Pricewaterhouse-Coopers uncover what the 2003 Budget holds for international business

Greece has revamped its corporate tax system. Panagiotis Zafeiropoulos of Deloitte & Touche explains what it will mean for companies operating in the country

Type of deal

President Bush's US 2004 Budget contains a number of revenue-raising provisions aimed at earnings stripping, tax shelters and executive compensation. Christine Halphen, Oscar Teunissen, Steve Nauheim, Linden Smith and Larry Skor of PricewaterhouseCoopers explain what to look out for

Rupert Murdoch is making sure that News Corporation's $6.6 billion acquisition of Hughes Electronics and its DirecTV satellite operation from General Motors is squeaky clean.

On March 26 the Israeli cabinet approved Finance Minister Benjamin Netanyahu's Budget, which aims to reduce the Budget deficit by cancelling geographically-based tax breaks (saving NIS1 billion ($215 million)), levying an employers tax on foreign workers and cutting the defence and other government procurement budgets.

Orrick Herrington & Sutcliffe has opened an office in Milan with 23 lawyers from Ernst & Young's 280-lawyer Italian legal arm, Studio Legale Tributario. The former national director of legal services and anti-trust and regulatory law at Studio Legal Tributario, Alessandro De Nicola, will lead the Milan office. Clients of the lawyers include Italian power company ENEL, Vivendi, Universal Music Italy and Italian insurance company RAS Italia.

By Peter Corcoran, global leader for international tax services for Deloitte Touche Tohmatsu