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  • Directive 69/335/EEC – Indirect taxes on the raising of capital – Capital duty – Contribution of assets of any kind – Meaning – Payments made by the parent company of a company which has acquired dividend certificates issued by a capital company.
  • Directive 69/335/EEC – Indirect taxes on the raising of capital – Capital duty – Increase in a company's capital by the issue of new shares – Payments made upon the entry of a new member as a shareholder in the company – Payments made by the parent company of the new member – Payments made to the subsidiaries of the company increasing its capital – Payments not yet made.
  • Failure by a member state to fulfil its obligations – Sixth VAT Directive – Money-off coupons – Taxable amount.
  • London law firms Slaughter and May and Lovells are working on the planned merger of two independent television companies. Granada and Carlton announced on October 11 that the two were in advanced merger discussions.
  • Ernst & Young partner joins White House Sunday, 13-Oct-02 00:00:00 GMT NewsInBrief 11261 An Ernst & Young partner has been named special assistant to the President for economic policy. Doug Badger joined the White House National Economic Council in early October.
  • Companies operating in Brazil have lost their battle to have a 90-day respite from the CPMF (provisory contribution on financial operations) transaction tax.
  • Harvey Pitt, the chairman of the SEC, said last week that the organization may exempt non-US accounting firms from supervision by the US accountancy regulator.
  • Sullivan & Cromwell advises on eBay acquisition Sunday, 13-Oct-02 00:00:00 GMT NewsInBrief 11260 Sullivan & Cromwell has advised eBay on its acquisition of PayPal. eBay is an online auction site and PayPal a global payments platform. The deal was a stock-for-stock merger valued at around $1.5 billion. It closed on October 3. The Sullivan & Cromwell tax lawyers working on the deal included Bill Indoe and Melanie Fitzpatrick.
  • Tax managers must broaden their skills and develop cross-functional management skills and effective leadership behaviour.
  • Meetings of the European economics and finance ministers last week failed to find a solution to the exchange of information problems threatening to kill the EC’s savings directive and tax reform package.