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  • The German law firm Rittershaus Wissman & von Rosentiel is to merge with accountancy and tax consultancy firm, Keiper Botzke Berger and Berizzi in January 2001.
  • Australian firm Freehills has scooped four tax lawyers from Blake Dawson Waldron for its Melbourne office. John Morgan joined as partner in November, while partner Tim Neilson joins in February 2001. Two associates are joining them in the national revenue team.
  • White & Case has expanded its Tokyo tax department with the recruitment of Yasuo Igarashi, who joins the practice from PricewaterhouseCoopers in Tokyo, where he was a partner in the leasing department.
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  • The US Securities and Exchange Commission (SEC) is to adopt milder than expected rule amendments regarding auditor independence. The announcement follows months of debate between the organization and the big five accounting firms.
  • Arnold & Porter has poached Jones Day Reavis & Pogue's head of international tax, Richard Andersen, for its New York office.
  • 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.
  • Osborne Clarke has continued its expansion with the recruitment of two corporate tax partners. Michael Bell joins the Bristol office from Ernst and Young, while Stuart Long, previously at Barnett Alexander Chart, becomes the firm's first London tax partner.
  • The Ernst & Young Kenneth Leventhal real estate group has recruited two tax professionals. The group provides tax, audit and related advice to the real estate investment industry.
  • The EU has asked the WTO to approve trade sanctions, worth approximately $4 billion a year, against the US. The sanctions are retaliation for the US foreign sales corporation (FSC) export legislation which grants US exporters a subsidy that the EU believes gives US companies an unfair advantage.