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  • Carlton Communications plc has agreed the terms for the acquisition of HTV from Granada. The consideration will be £181 million ($262.4 million) (net) cash payable on completion, together with Carlton's 20% stake in Meridian.
  • New team gives Clifford Chance integrated legal and tax advisory capabilities across Hungary and Central Europe
  • The UK-based law firm S J Berwin has furthered its European ambitions by luring a team of German lawyers from Baker & McKenzie. Two partners will join the firm to set up an office in Munich, and a third partner, Dr Frank Vogel, will join S J Berwin's Berlin office.
  • 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.
  • 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.
  • Payments for shrink-wrap software made to non-residents will be exempt from Singapore withholding tax from January 1 2001, Singapore's Commissioner of the Inland Revenue has announced.
  • Divided approaches to the subject of profits tax means that Russian legislation is slow in coming through. In the latest in a series of articles on Russian tax reform, Robert Fort of Deloitte & Touche, Moscow examines the issue
  • At KPMG, we understand the value of having a strong local presence in the countries where our clients do business. With offices in virtually every country in Latin America, KPMG's profess-ional roots are deep and our local tax knowledge is preeminent.