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An increasing number of multinationals are implementing their stock option plans in Germany. There are both benefits for employees and tax consequences for the local German subsidiary. By Hans-Jörg Fischer, Deloitte & Touche, Frankfurt

The Netherlands Supreme Court has recently announced decisions on the participation exemption and fiscal unity regime. Multinationals take note. By Corina van Lindonk and Mark van der Linden, Deloitte & Touche, Rotterdam and Chicago

New transfer pricing provisions were introduced in India as part of the Union Budget 2001. And not before time, in a country that is at the forefront of those reaping the benefits of globalization. By Mukesh Butani of Andersen, Mumbai

When changes to the ‘mixer’ regime were set in progress, UK corporations were left with a narrowing range of planning options. Some possibilities for a Dutch resident mixer are considered here. By Gay Deuchar and Frank van Hulsen, Ernst & Young’s International Tax Services department

I refer to your article on Ernst & Young's hiring of a number of former Baker & McKenzie tax partners in the US (International Tax Review, February 2001), one of whom was quoted as saying that Baker & McKenzie is like a ?mom and pop grocery store? compared to the big five audit firms in the international tax area. The facts do not support such a comparison. Having worked for a big five firm in the recent past, I know from experience that Baker & McKenzie's international tax advisory resources throughout the world compare very favorably to those of the big five, particularly in emerging markets such as Asia Pacific, Latin America and Eastern Europe. The big five have armies of tax professionals doing local compliance work, but when it comes to high quality international tax advice, Baker & McKenzie's resources ? ie, its 350 tax lawyers in 61 offices of a single global firm ? are second to none. Yours faithfully,

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International law firm Richards Butler has boosted its corporate finance team with the recruitment of tax consultant Richard Sowler. He is acting head of tax at Richards Butler until an additional partner is hired for the role.

US republican senators George Allen and Conrad Burns have introduced a bill intended to make the country's present internet tax moratorium permanent. The Internet Tax Non-discrimination Act will extend the provisions of the Internet Tax Freedom Act, which prevents consumers from being taxed in multiple states on their online transactions and bars all federal taxes on electronic commerce. The present moratorium became effective on October 1 1998 and is due to expire on October 21 2001.

The Seychelles ambassador to Malaysia has signed an agreement with Thai foreign minister Surakiart Sathirathai to avoid double taxation between the two countries. The agreement will benefit Thai businesses involved in exporting to the Seychelles, Sathirathai said. The Seychelles is thought to be keen to attract Thai investment in its hotel industry, and is negotiating further treaties with other trading partners.

The Democrats have defeated a proposed US constitutional amendment that would require the support of a two-thirds majority in both houses to raise taxes