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  • At the end of 2001, British Telecommunications demerged its wireless business. The transaction provides a good example of how UK demergers can be effected without material tax costs for a company and its UK shareholders. By Mark Kingstone, Tom Scott and Lynne Walkington of Linklaters, London
  • Niue has signed up to the OECD’s initiative on harmful tax practices by committing to improve transparency and establish an effective regime for exchanging tax information by the end of 2005
  • Andersen and PwC unite in Middle East Sunday, 14-Apr-02 00:00:00 GMT NewsInBrief 10047 The partners in Andersen Middle East and PricewaterhouseCoopers have decided to combine their practices.
  • KPMG has announced it will merge with Andersen in South Africa after abandoning plans for a wider deal between the two firms
  • Tax breaks offered to US companies operating in Belgium could constitute illegal state aid, according to the European Commission
  • Korea will reduce investment thresholds and improve tax breaks to convince more multinational companies to set up their Asia headquarters in the country
  • KPMG has lost even more ground in its bid to merge with Andersen’s non-US offices after the UK practice jumped ship to Deloitte & Touche
  • Building on its hispanic success — striking deals with Andersen offices in Spain and Portugal — Deloitte & Touche has persuaded Andersen in Brazil and Mexico to join the firm and turn their backs on a deal with KPMG. Not to be outdone Ernst & Young has negotiated a tie-up with Andersen’s Chile operation, Langton Clarke
  • O’Melveny & Myers has strengthened its Asian tax practice after hiring a Chinese specialist from Coudert Brothers
  • By Chris Walsh, PricewaterhouseCoopers, Dublin