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The OECD has released 11 reports and technical papers detailing conclusions and recommendations made by the OECD's Committee on Fiscal Affairs.

You may not be familiar with the name SGI, but at some point you will probably have seen one of its products.

M&A activity in Japan continued at a healthy pace in 2000. Now, the government is planning to further facilitate the transaction process with favourable new tax developments. By Dean Yoost, Takuro Tagai and Al Zencak of PricewaterhouseCoopers in Tokyo

Several options exist to calculate the taxes on a transfer of shares issued by a Mexican entity. As a general rule, and with almost no exception, any transfer involving a Mexican entity is a taxable transaction under Mexican law. Four different possibilities exist to determine the taxes on a transaction involving a transfer of shares in Mexico. They are:

In May 2000, legislation was introduced amending the Japan Commercial Code to allow for corporate spin-offs. This amendment, together with the 1997 merger amendments and the 1999 introduction of stock exchange/transfers, will simplify corporate reorganizations under the Japanese commercial law. This article provides a general discussion of tax legislation expected to be contained in the 2001 tax reform package based on two recent public announcements (one by the Ruling Party on December 13 2000, and the other by the Ministry of Finance on December 19 2000). The new tax legislation will be effective for corporate reorganizations consummated on or after April 1 2001.

Legislation enacted in 2000 gives Germany’s tax auditors sweeping electronic audit rights from 2002 onwards. Most taxpayers have yet to realize the potentially dire transfer pricing implications. By Alexander Vögele and William Bader for KPMG, Frankfurt

The UK Inland Revenue and Customs and Excise are to be given powers to fight crime.

SJ Berwin has established a Paris office by poaching a private equity team from Salans Hertzfeld & Heilbronn.

It is widely known that the EU legislation applicable to VAT is contained in the Sixth VAT Directive (as amended), pursuant to which electricity is considered a tangible good. This means that sales of electricity can take place in the domestic and foreign markets, giving rise to domestic sales, imports, exports, intra-EU acquisitions or supplies. As a tangible good, electricity should also be capable of being transported. However, this conclusion, which is logical for movable goods, becomes doubtful in the case of electricity. As a result, different approaches have been adopted on a country-by-country basis. This treatment dates back to 1977 (Sixth VAT Directive) and refers to heavily regulated environments where supplies were basically domestic in nature with a limited number of operators. Now, 24 years later and in the midst of an EU-wide process of deregulation and liberalization, these rules are insufficient to cope with the variety of situations and growing complexity of the different markets.

It’s all very well having your QI status in place, but how will this affect your business in practical day-to-day terms? This two-part article takes a look at what being a QI actually means. 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