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  • South Africa approves tax law changes
    South Africa approves tax law changes Sunday, 17-Nov-02 00:00:00 GMT NewsInBrief 11497 The South African national assembly in Cape Town has approved draft legislation seeking to amend several South African tax laws. According to reports in the South African press the Revenue Laws Amendment Bill deals with corporate reorganizations, foreign currency rules and issues for individuals and aims at clarifying the previous legislation and closing loopholes.
    November 17 2002
  • Hong Kong considers tax options
    Hong Kong considers tax options Sunday, 17-Nov-02 00:00:00 GMT NewsInBrief 11498 According to press reports, Hong Kong is considering tax reform and canvassing ideas for the 2003/4 budget to stem falling government revenues. Reports in the Hong Kong Standard predict tax increases including increasing the profits tax.
    November 17 2002
  • UK pre-budget report date announced
    The UK pre-budget report has been set for Wednesday November 27
    November 17 2002
  • Australia’s business council calls for tax reform
    Australia needs to reform its tax system in order to overcome the threat of being marginalized and missing out from the benefits of globalization
    November 17 2002
  • Cleary Gottlieb advises on $14 billion Household International deal
    Cleary Gottlieb Steen & Hamilton is representing HSBC Holdings on its acquisition of the consumer lender Household International
    November 17 2002
  • SEC accounting board chair steps down
    William Webster, the chair of the SEC’s accounting oversight body, has resigned less than three weeks after the body was created
    November 17 2002
  • Malaysian tax department threatens traders
    Malaysia traders have been told to pay the government the service tax they collect from customers as quickly as possible or face action by the country’s tax department
    November 17 2002
  • Davis Polk and Sidley Austin work on Aon share offering
    Davis Polk & Wardwell and Sidley Austin Brown and Wood have advised on the common stock public offering by Aon Corporation
    November 17 2002
  • US states agree on streamlined sales tax project
    Plans to simplify the US sales tax system took a step forward last week when delegates from 33 states and the District of Columbia approved a multi-state agreement
    November 17 2002
  • Davis Polk works on Telekom Austria deal
    Davis Polk works on Telekom Austria deal Sunday, 17-Nov-02 00:00:00 GMT NewsInBrief 11500 Davis Polk & Wardwell has advised Telekom Austria on a €550 million ($557 million) sale of Telekom Austria shares by Telecom Italia. The deal involves offering the shares to professional investors in Austria and a private placement in the US and to institutional investors outside the US. John Paton and Robert Heller of the London office of Davis Polk & Wardwell provided tax advice.
    November 17 2002
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