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  • The US economy went into recession in March 2001. One year on, how and where is this reflected in transfer pricing? By Michael J McKee, Robert C Miall and W Scott McShan, Ernst & Young, North America and Europe
  • Not content with extensive reform in the past five years and the recent, controversial Goods and Services Tax (GST), Australia has announced yet another tax initiative. And, as with much of the country's recent reform, the response has been mixed.
  • Rather than instigate a thorough process of reform, the Mexican Congress has opted for adjustments to the exisiting tax framework. Further change can be expected. By Miguel Valdez, Federico Aguilar and Lissett Tautfest of Ernst & Young, Chicago and Mexico City
  • Despite the state's aggressive reputation as a complex taxing regime, most California court cases are won and lost on the facts: this can give the taxpayer the advantage. By Eric J Coffill, Morrison & Foerster LLP, Sacramento
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  • The Danish government introduced draft legislation (Bill No L 99) on February 7 2002 that should facilitate doing business in Denmark and improve the competitive position of Danish industry.
  • The UK has abolished ACT on dividends and on certain royalty payments, introduced onshore tax credit pooling rules and is now proposing certain tax-free disposals of substantial shareholdings. In light of this Tim Sanders and Fintan Clancy of Skadden, Arps, Slate, Meagher & Flom, London, consider whether the UK is the new Netherlands
  • US trade relations with the EU are put under pressure following WTO ruling, new guidance on check-the-box procedures are issued and APAs come under the spotlight. Hal Hicks, David Benson and Margaret O’Connor of Ernst & Young, Washington DC, look at the latest developments on the US tax scene
  • Where will UK companies fit in group structures when the UK capital gains exemption for disposals of substantial shareholdings takes effect in April 2002? Multinational tax planners take note. By Guy Brannan and Mike Hardwick and Lynne Walkington, Linklaters, London
  • The European Court of Justice (ECJ) recently rendered a decision on an interlocutory question asked by a Danish court regarding the notion of full line of business (ECJ, January 15 2002; C-43/00, Andersen og Jensen ApS). The decision of the ECJ could have repercussions for the application of the French merger regime.