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3-5 years pqe Tax is a core practice area at this leading mid-west US firm, offering a varied and high profile workload. Extras include a significant international dimension and the opportunity to earn full New York rates. You will need UK tax experience, preferably from a big London firm. Superb client base and excellent prospects. (to £New York rates)

CMS Cameron McKenna has set up an alliance in Paris with local practice Bureau Francis Lefebvre, allowing the UK firm to tap a booming M&A market before moving into Italy and Spain

South Korea will launch an investigation into corporate tax practices in the second half of 2001, delaying the action to encourage businesses to expand domestic activity and avoid an economic slowdown. The National Tax Administration will investigate taxes on the transfer of stock ownership. The tax office will also monitor stores that try to hide their true sales figures by dissuading customers from paying with credit cards. The authorities will track the assets of company owners and other wealthy citizens through a database, to uncover attempts to conceal wealth.

Poland's special economic zones are challenging taxes recently imposed on investors in these territories. Representatives of the zones are declaring that a real estate tax - placed on businesses that set up in the zones in December 2000 - was incompatible with the tax privileges law, because investors beat a deadline at the end of that month when rights to tax advantages were to expire.

Ernst & Young is merging with one of China's leading accountancy practices, as the global firm looks to tap increasing opportunities through the country's growing number of stock market listings

3-5 years pqe A raft of opportunities exist at large US firms in London for ambitious mid ranking tax lawyers wanting to fast track their career. A mix of corporate and finance tax, complex structuring of transactions, a greater element of autonomy and huge salaries - not an opportunity to miss. (to £120,000)

6 years-partnership The London office of one of the world's leading international law firms seeks a partner level tax lawyer to join its team. Advising on UK and international tax issues, including M&A, flotations, corporate restructuring, asset and structured finance and cross border transactions, much of the role will involve marketing and practice development. (to £US rates)

Rumours that Germany's tax authorities are considering changing the tax treatment of special purpose entities have shocked legal advisers in the country's growing asset-backed market, though a tax-neutral structure could be one solution

Denton Wilde Sapte has advised ABN AMRO as arranger of a financing facility for CIT Group's purchase of 30 aeroplanes from Airbus

The Chinese government is preparing to introduce rules to permit private companies to acquire assets of reforming state enterprises, according to local reports. The State Economic and Trade Commission is soon to release policies to stimulate non-state purchase, rental or leasing of state assets, which could include lower taxes, lower market entry barriers and increased access to banking services. The leaders of Yunnan Province, for example, have pledged three-year tax cuts and tax exemptions for non-state companies that merge or acquire small or medium sized state enterprises.