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Akin, Gump, Strauss, Hauer & Feld has worked with PricewaterhouseCoopers in revealing corporate accounting irregularities of Xerox's Mexican subsidiary. The US firm led the investigation since June 2000 that has resulted in several managers of Xerox Mexico being dismissed. Irregularities uncovered included: ineffective collection actions and inappropriate re-aging of past-due accounts; billing inaccuracies; insufficient bad-debt reserves; and improper transaction classification regarding the sale, lease or rental of equipment.

Big five professional services firm Deloitte & Touche has boosted its transfer pricing and competent authority team in Canada by hiring three prominent government specialists

3-5 years pqe This pre-eminent London firm with an enviable reputation for corporate and project finance work is looking to boost its tax team. You will work on a range of matters involving UK and foreign tax systems as well as capital raising. If you have UK corporate tax experience why not join this team where targets are not an issue. (to £75,000)

3-5 years pqe Top ranking US practice seeks an UK tax lawyer for their established London office. You will work with a highly rated partner on a variety of M&A, Capital Markets and Finance matters. If your have top London experience and good academics and want a virtual "green field" role speak to us now. (£Mid Atlantic)

An insider's guide to four of the more interesting transactions of 2000

The UK media company Carlton Communications has announced that contracts have been signed with Thomson for the proposed disposal of Technicolor. The transaction values Technicolor at $2.1 billion and is subject to shareholder approval.

Norway's ruling Labour Party and the central coalition have agreed on Budget amendments for 2001. The main amendments are described below.

Tighter documentation requirements are the essence of Germany's new draft transfer pricing regulations. There are major risks, but also double rewards for taxpayers who respond in timely fashion. By Alexander Vögele and William Bader for KPMG, Frankfurt

Linklaters & Alliance is expanding its presence in eastern Europe, hiring two Dutch partners to establish a tax practice in Prague.

UK law firm Lovells has acted on the demerger of Compass Hospitality from Granada Compass. The demerger is the final stage of the transformation of Granada from a media and hospitality group to a pure media company.