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  • Jones Day acts on $4.4 billion Kellogg deal
    Jones Day Reavis & Pogue is representing Flowers Industries in connection with the sale of its Keebler Food subsidiary to the Kellogg Company.
    December 01 2000
  • Davis Polk works on $3.4 billion IPO
    Davis Polk & Wardwell has advised Morgan Stanley Dean Witter and China International Capital Corporation on the $3.4 billion initial public offering of China Petroleum & Chemical Corporation (Sinopec Corp).
    December 01 2000
  • Ashurts in newspaper deal
    Ashurst Morris Crisp has advised United News & Media on the sale of UK newspaper group Express Newspapers to Northern & Shell for £125 million ($176.8 million).
    December 01 2000
  • General Electric and Honeywell in $45 billion merger
    General Electric has merged with industrial components and controls business Honeywell, in a deal worth $45 billion.
    December 01 2000
  • Kutak Rock advises American Freightways
    FedEx, the Memphis-based global transportation and logistics company, is bidding $1.2 billion in cash, stock and assumed debt to acquire the less-than-truckload commodities carrier, American Freightways.
    December 01 2000
  • Own-account trading bill proposed
    The first amendments have been drafted to the German Tax Reform Act concerning domestic share and derivatives trading
    December 01 2000
  • Case closed for UK Revenue's missing files
    The UK Inland Revenue has closed one million tax files because it is missing vital information. The files were lost following the April merger of the Inland Revenue and the Benefits Agency, and affect the tax year 1997-98. The loss could affect employees' assessments for pensions and other benefits.
    December 01 2000
  • OECD data show rise in tax revenues
    According to OECD data, tax revenues from personal and corporate income taxes have risen markedly in most OECD countries in the late 1990s. The strongest growth was in 1997-1998 when the OECD average increased from 13.2% in 1997 to 13.5% in 1998.
    December 01 2000
  • Hong Kong-Scandinavia air services agreements
    The Hong Kong revenue service is to put into effect the double taxation relief provision in the air services agreements with Denmark, Sweden and Norway
    December 01 2000
  • Changes to Dutch participation exemption are postponedBy Anuschka Bakker
    On September 29 2000, the Dutch underminister of finance announced that the proposed changes to the participation exemption rules have been postponed to January 1 2002. The date of entering into force of the initial proposal was January 1 2001. The present and proposed legislation is outlined below, along with a test of whether the proposals are in conflict with EU law.
    December 01 2000
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