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International tax attorney Daniel M Berman has left Sutherland Asbill & Brennan to join Thelen Reid & Priest as a partner in the firm's Tax, Benefits, Trusts and Estates department in Washington, DC.

French tax authorities issue guidelines on parent-subsidiary regime

Within the EU, proposals by both the Swedish and UK governments for the optimum taxation of digitized products have fallen flat. A workable solution must be found – soon. By Andrew Ball, Deloitte & Touche, London

DATE TYPE OF DEAL VALUE ACQUIRER TARGET HOLDER ADVISERS TO TARGET ADVISERS TO ACQUIRER ADVISERS TO HOLDER 07/09/01 recommended offer £103 million ($146.59 million) Greene King plc Old English Inns n/a Pricewaterhouse-Coopers, London, Anthony Bennett Linklaters, London, Keith Wilson n/a 14/09/01 project finance $125 million Pacific LNG Shipping Ltd (PLS) n/a n/a n/a White & Case, Tokyo, Yasuo Igarashi, Miyuki Ueda, Eric Roose, Linda Ng n/a 17/09/01 outsourcing of property portfolio £2 billion ($2.84 billion) BBC n/a Land Securities Trillium n/a Linklaters, London, Jonathan Evans, Michael Hardwick, Victoria Garton, Liz Cole; WS Burness Freshfields Bruckhaus Deringer, London, Murray Clayson, Angela Savin; WS Brodies 27/09/01 disposal £1 ($1.42) O'Rourke John Laing Construction n/a Freshfields Bruckhaus Deringer, London, Francis Sandison, Simon Skinner Nabarro Nathanson, London, Lydia Simpson; RSMI Robson Rhodes, Helen Riley n/a 07/10/01 acquisition $4.7 billion AT&T Wireless Telecorp PCS n/a Cadwalader, Wickersham, & Taft, New York, Linda Swartz, Jeffrey Ashendorf, Alexander Anderson Wachtell, Lipton, Rosen & Katz, New York, Jodi Schwartz n/a 08/10/01 acquisition $777 million Clear Channel Communications Inc Ackerley Group Inc n/a Dewey Ballantine, New York Gordon Warnke, Joseph Pari, John Apadula, Devon Bodoh; Rubin, Winston, Diercks, Harris & Cooke in-house n/a 08/10/01 disposal $2.9 billion Northwest Natural Gas Co Portland General Electric Co Enron Corp n/a Thelen Reid & Priest, New York, Gregory Pavin, Robert Friedman, Laura Lee Mannino Vinson & Elkins, Houston, Edward Osterberg 09/10/01 acquisition $3.8 billion Royal Dutch / Shell Group; Saudi Refining Inc 44% stake in Equilon Enterprises Llc; 35% of Motiva Enterprises Llc Texaco Inc Weil, Gotshal & Manges, New York, Kenneth Heitner, Michele Jacobsen Vinson & Elkins,Houston, Edward Osterberg; Shell, Dale Erickson; White & Case, Washington, Bruce Davis n/a 11/10/01 acquisition $1.98 billion NBC unit of General Electric Co Telemundo Communications Group Inc n/a Paul, Weiss, Rifkind, Wharton & Garrison, New York, David Sicular Weil, Gotshal & Manges, New York, Martin Amdur, Mary Jean Potenzone, Martin Pollack, Nancy Tong, Michael Tingoli, Lillian Spiess n/a 17/10/01 MBO £200 million ($284.64 million) Kyndal International Limited, West LB JBB (Greater Europe) Jim Beam Brands Worldwide Inc n/a Weil, Gotshal & Manges, London, Gary Richards, Sarah Priestley; New York, Kim Blanchard McClure Naismith, Glasgow, George Frier; Chad Park 18/10/01 bond issue $310 million UBS Warburg shares of Yukos n/a n/a Clifford Chance, Moscow, Irina Dmitrieva; New York, David Moldenhauer, James Graham, London, Gerald Montagu, Douglas French n/a 18/10/01 acquisition $1.3 billion WellPoint Health Networks Inc RightChoice Managed Care Inc The Missouri Foundation for Health Lewis, Rice & Fingersh, St Louis, Lawrence Weltman Simpson Thacher & Bartlett, New York, Gary Mandel Michael Tingoli, Lillian Spiess Blackwell Sanders Peper Martin llp

The Spanish government has recently submitted the draft budget laws for 2002 to parliament. As in prior years, many relevant tax measures are included although this year they appear to be even more significant. Some of the proposed tax measures are as follows:

Websites should be excluded from the tax nets of OECD member states, according to a recommendation of the OECD's Tax Advisory Group.

The European Commission is planning to reform company taxation to make the EU economy more competitive

Clifford Chance Pünder’s eight- lawyer Leipzig office is to split from the firm’s global network to chart what it believes could be a more profitable course on its own

Offshore specialist Mourant Group has allied with a corporate, legal and tax boutique to tap an Italian securitization market that has already soared to a record $15.4 billion this year

Businesses in the UK are calling on the government to end the complexity and lack of clarity of the value added tax system