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Like many other members of the OECD and the EU, Spain has enacted very few special tax provisions that apply to e-business. However, to clarify and fix its position in the various international forums where the taxation of e-commerce is being analyzed, in early 1999 Spain's secretary of state for taxes set up a working group whose remit was to conduct thorough research in this area. In July 26 2000, the group submitted its final report and an updated summary was released in October 2000. Two specific issues are of significance to foreign enterprises operating in Spain arising out of the preliminary position on the subject adopted by Spain that departs from current popular opinion.

When a company acquires a fixed asset for a price higher than its fair market value, under certain circumstances the French tax authorities may adjust the taxable income of the buyer. They may also adjust the taxable income of the seller, using various provisions of the French Tax Code.

Finland levies asset transfer tax at a rate of 1.6% of the relevant market value on the transfer of Finnish securities. Excluded from asset transfer taxation are:

New transfer pricing and APA rules have been introduced in the Netherlands as a precursor to codification of the arm’s-length principle later in 2001. By Eduard Sporken, KPMG Meijburg & Co, Amstelveen

Failure to fulfil obligations – Deduction of input tax – Article 17(2) and Article 18(1) of the Sixth VAT Directive – Allowance for the use of a private motor vehicle for business purposes – Deductibility of part of the allowance.

The incoming head of the World Trade Organization has called for global electronic commerce rules

The New Zealand government has ignored calls for a cut in corporate tax rates, following last week's budget announcement.

The Thai cabinet has approved Finance Ministry proposals to cut the rate of corporate tax for publicly traded companies in an effort to stimulate the local economy.

Linklaters Oppenhoff & Radler has hired German auditor and tax adviser Markus Sellmann as managing director in the firm's Cologne office

Paul O’Neill, the US treasury secretary, has said he would like to eliminate corporate tax, saying businesses simply pass their tax costs to consumers through the prices of their goods and services