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3-6 years pqe Highly regarded London media and entertainment practice seeks highly motivated, able and ambitious tax lawyer with first class background in advising on both corporate and personal tax matters. (£Competitive) Ref: T9058.F Contact: Emma Adams, Garfield Robbins

3-6 years pqe We have instructions from London offices of US firms seeking bright, technically able and personable tax lawyers. Some are "greenfield" positions, in others you would form part of an established team. Whether your practice is corporate or finance, call for more details. (to £100,000) Ref: L7876.F Contact: Emma Adams, Garfield Robbins

International tax lawyer Susan Stone has joined Baker & McKenzie's North American tax practice as a partner in the firm's Houston office. She was previously a tax partner at local rival Fulbright & Jaworski in Houston.

The Japanese government's lawmaking body has enacted tax revision bills focusing on extended tax breaks for home loans and withholding taxes on capital gains. And according to local reports, wider tax reforms to boost the country's stock market are expected.

DATE TYPE OF DEAL VALUE ACQUIRER TARGET HOLDER ADVISERS TO TARGET ADVISERS TO ACQUIRER ADVISERS TO HOLDER 26/2/01 Acquisition £1.8 billion ($2.55 billion) Innogy (UK) 94.75% of Yorkshire power American Electric Power (AEP), Xcel Energy N/A KPMG, London, Michelle Bond, Pete Wilkinson; Linklaters, London, Mike Hardwick, Claire Hopes, Judith Cairns Allen & Overy, London, Michael McGowan, Dorothy Wilkinson, Arun Birla

After 17 years as tax director at International Flavors & Fragrances (IFF) in New York, and a working life dedicated to tax and accounting, Hank Pasniewski is going to retire. But while he is leaving at the end of the year, he has lost none of his drive and talks enthusiastically about his work and the firm's development plans. IFF is responsible for developing flavours and fragrances used in everything from foods to toiletries. It also carries out research and development. Pasniewski joined the firm from United Artists' Corporation, where he spent 10 years as director of tax.

German tax law contains a general anti-abuse provision in section 42 of the Tax Procedure Act. The section reads as follows: "The tax laws may not be circumvented by abuse of legal structuring possibilities. In case of [such] abuse, the tax claim [of the tax authorities] is the same as that arising under a structure appropriate to the economic transaction."

The Finnish Act on Income Taxation (1535/1992) was amended by the Act on Amending the Act on Income Taxation (1165/2000), that entered into force on January 1 2001. The central provision to be amended was the definition of foreign earned income (ulkomaantyötulo). Foreign earned income was previously defined as income received by a person otherwise generally liable to pay tax in Finland from working abroad, provided that the stay of this employee abroad is directly due to such work and the stay abroad lasts for at least six months uninterrupted (the so-called 'six months' rule'). According to the new provision, income received as an employee stock option benefit or as a benefit due to the right to subscribe for shares in a corporation at a price lower than current value (employee share issue) is no longer considered as foreign earned income unless:

In last month’s article, the authors discussed the tricky question of what constitutes a QI and recently issued guidance by the IRS. Part two of this article answers frequently asked questions about the day-to-day application of the QI rules and addresses the need not to be complacent, By Philip Marcovici and Marnin Michaels of Baker & McKenzie’s Zurich office, Thomas O’Donnell in the Paris office and David Balaban and Peter Connors of Baker & McKenzie in New York

Last year's merger of Clifford Chance with Pünder Volhard Weber & Axster has ended in disaster for Clifford Chance in Warsaw, with the Pünder team moving to Beiten Burkhardt Mittl & Wegener (BBLP). A total of 16 Pünder personnel will join the BBLP on April 1 2001. This includes two tax advisers, and with a lateral hire yet to be announced, will bring the number of tax specialists at BBLP, Warsaw, to four.