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Following the departure of Tim Sanders for Skadden, Arps, Slate, Meagher & Flom, and not long after taking a multidisciplinary approach in London with the recruitment of Pricewaterhouse- Coopers partner, Guy Madewell, McDermott has expanded its tax group in the UK and the US. The firm has gained an in-house tax partner in London and has poached a team of four Fenwick & West tax lawyers for its Palo Alto practice. Jonathon Ivinson is joining the firm's London office on April 29 2002 from telecoms provider Carrier1. He was vice president of taxes at the company and prior to working in-house was a tax lawyer at Macfarlanes, where he practised with the head of McDermott's London tax group, Peter Nias.

The UK is to introduce a new tax regime for intangibles, including goodwill and intellectual property.

Budget 2002/03

Article 8 of the India – UK tax treaty governs the taxation of profits derived from the operations of aircraft. A recent ruling of the Appellate Tribunal gives a detailed interpretation of key tax treaty provisions. By K R Girish, RSM & Co, Bangalore

Acquirers of German property-owning companies are obliged to notify the authorities of any transactions that may trigger German real estate transfer tax. The consequences for investors and their advisers who fail to do so may be serious. By Hans-Jörg Fischer, Deloitte & Touche, Frankfurt and Martin Paul Wassmer, University of Freiburg

By Luca Dezzani and Nicola Spadafora of Zini & Associates, Milan

An overview of the taxation of Mexican capital markets by Alejandro Solano Gonzalez and Zsuzsanna Kádár, PricewaterhouseCoopers, Mexico City

By Emma Nendick, Herbert Smith, London

Gleiss Lutz

The Cook Islands 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