ITR Search | International Tax Review

Accountants highlight downside of proposed M&A rules

US companies have welcomed proposed changes in accounting procedures for mergers and acquisitions. But the new rules may not be as good for companies as some believe

January 28 2001

Senior tax - UK firm

4 years+ pqe Work for the London office of this premier European firm - you will be offered a diet of cross-border work, travel and genuine balance of work and play. (to £partnership)

January 26 2001

Tax – Madrid

Senior Opportunity for high quality English qualified tax lawyers with Spanish language skills to move into the expanding Madrid office of this heavyweight UK firm. The office covers a wide range of practice areas including corporate, competition, capital markets and banking work so you will be exposed to the full range of work. (£ ex-pat)

January 26 2001

KPMG advises on Hong Kong telco sale

KPMG has advised Hong Kong's Pacific Century Cyber Works (PCCW) on the disposal of 60% of the mobile phone business of its subsidiary Hong Kong Telecom to Telstra for $3.6 billion. KPMG in Sydney were PCCW's principal tax advisers, led by partner Peter Madden, working with Vaughn Barber and Lloyd Deverall in Hong Kong. PricewaterhouseCoopers in Australia acted for Telstra, led by partner Ian Farmer. Mallesons Stephen Jaques also advised Telstra on tax issues.

January 26 2001

SJ Berwin opens in Paris

SJ Berwin & Co has opened an office in Paris, hiring George Pinkham and Sylvie Vansteenkiste from Salans Hertzfeld & Heilbronn. Pinkham specializes in private equity work, while Vansteenkiste is a tax lawyer.

January 25 2001

EU retreats in drive to harmonize taxes

The European Commission has accepted that member states are unlikely to agree to large-scale harmonization of tax policy in the foreseeable future. The Commission will, instead, seek to increase the use of existing law and take governments to court for introducing tax rules that contravene the EU's founding treaty.

January 25 2001

SEC imposes mutual fund rules

The Securities and Exchange Commission has adopted rules forcing mutual funds to disclose standardized after-tax returns to help investors understand the scope of tax costs and compare the impact of different taxes on different funds. The commission's decision to adopt these rules follows last year's Mutual Fund Tax Awareness Act, aimed at enhancing information mutual fund shareholders receive about after-tax returns.

January 24 2001

Commissioners of Customs and Excise v Mirror Group plc; Commissioners of Customs and Excise v Cantor Fitzgerald International

VAT – Sixth Directive – Exemptions – ‘The leasing or letting of immovable property’ – Meaning.

January 23 2001

McDermott appoints new tax head

McDermott, Will & Emery has appointed Michael Fayhee as the new chair of the US firm's tax practice. Previous tax head Alan Olson becomes firm-wide vice-chair and head of the Chicago office. The tax group includes practice areas focusing on M&A, corporate restructuring, structured finance and tax appeals.

January 23 2001

Firms prepare for German merger boom

Corporate partners in Germany are readying themselves for an increase in private equity and M&A work as changes in tax law and the country's new takeover rules promise deals in abundance

January 22 2001

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