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The European Commission has cleared the proposed merger between Ernst & Young, France, and most of Andersen France’s business, leaving the path clear for the two firms to create France’s largest professional services group

The Canadian government has signed a series of tax treaties to end double taxation between Canada and Norway, Moldova and the United Arab Emirates

A&L Goodbody hires head of VAT from KPMG Saturday, 7-Sep-02 00:00:00 GMT NewsInBrief 11009 Irish firm A&L Goodbody has lured a tax partner from KPMG to be its new head of value-added tax (VAT).

Allen & Overy has hired a team of Ernst & Young tax lawyers to strengthen its Dutch M&A practice

Singapore-based foreign workers that leave their jobs before exercising their stock options will now be treated for tax purposes as if they exercised them when they ceased employment

The Chilean government has announced amendments to its reform package announced on July 18 after admitting that the original package was flawed

The US had until the end of August to announce a full list of steel products that will be exempt of tariffs in its long-running battle with the EU. Press reports have indicated that the US planned to release the final exemptions in the week ending August 25 2002. So far the total of imports excluded from tariffs imposed in March this year stands at around 8% of the 13.1 tonnes affected. The EU has drawn up detailed plans for sanctions up to a value of Eu397 million ($387 million) on US exports if the US safeguards tariffs remain in place. EU officials have stated however, that they will not act until September 30, by which time the full list of exemptions will be clear.

The Canadian department of finance has announced that it has implemented a new electronic service to inform people of tax treaty developments. The department will no longer issue releases on treaty negotiations. Instead anyone interested in notification must subscribe to an automatic email notification system.

Daan de Bruin and André Toet, of Deloitte & Touche’s International Tax Group in the Netherlands, determine the relevance of debt-to-equity ratios in light of new Dutch hybrid financing rules

Switzerland has changed how it taxes derivative financial instruments. As a result, existing rules are further refined and new developments in the financial markets are accounted for. By Andreas Risi, PricewaterhouseCoopers, Zürich