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Mexican legislators will review a draft tax reform bill later this week, which is intended to broaden the tax base and make Mexico more attractive to foreign investors by overhauling the country's outdated and complex fiscal regime

Four partners are to quit the Hamburg office of Andersen Luther, the German member firm of Andersen Legal's network, at the end of June to launch their own legal practice in the city.

The UK Chancellor Gordon Brown presented his 2001 budget on March 7 2001. The budget measures contained few surprises, most having been announced in the pre-budget report in November 2000, but a number of new initiatives for the future were announced. The main corporation tax rate of 30% and the reduced rates of 20% and 10% for companies with low profits are unchanged for 2001/2 and 2002/3.

The globalization of business has meant that the number of foreign individuals entering Brazil to work at subsidiaries of major multinational companies has increased considerably. Consequently, immigration requirements and individual income tax regulations are key issues facing companies planning their investment strategy in Brazil. The privatization process of the electricity, energy and telecommunications sectors, together with the overall opening up of the Brazilian economy have all precipitated a number of changes in the relevant legislation.

Corporate and private tax regime changes in Austria aim to improve national budgetary figures, as well as introduce new regulations for employee shareholdings and investment funds, By Herbert Buzanich and Michael Sedlaczek of Freshfields Bruckhaus Deringer, Vienna

The European Court of Justice (ECJ) handed down its decision last month on part of the UK's corporate tax regime and found in favour of two German groups, Hoechst (now Aventis) and Metallgesellschaft. The decision could prove costly for the UK government, since it paves the way for UK subsidiaries of parent companies resident in the European Economic Area (EEA) to claim compensation for cash flow disadvantages suffered under the now-defunct advance corporation tax (ACT) regime.

Paul Sleurink has resigned from his London tax partnership role with Netherlands-based firm Loyens & Loeff to join Merrill Lynch's corporate finance team as managing partner of the global product development group. His move comes after 15 years with the tax and corporate specialist law firm. Sleurink, who will continue to be based in London, will be handling European corporate and M&A tax matters for the investment bank.

The newly elected global CEO of professional services firm Arthur Andersen has announced a series of changes. Joseph Berardino, elected in January, has announced the rebranding of the firm from Arthur Andersen to Andersen and a series of management changes. The rebranding became effective in early March.

As part of its income tax reform process, Australia is applying entity taxation to trusts. But the move has been met with mixed feelings. By Michael Taylor-Sands of Baker & McKenzie in Melbourne

4 years+ Highly profitable leading global firm seeks experienced UK qualified tax lawyers to join excellent team with broad practice. Applications from top quality corporate tax advisers working with the large accounting firms will also be considered. London training and top academics required. (£New York Rates) Ref: L1574.F