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  • News in brief
    US budget aims to tear tax shelters down, Latin America double tax treaties, Canary Islands to get EU- approved tax breaks, Ernst & Young in hi-tech alliance, WTO membership will slow Chinese tax growth
    March 01 2000
  • Freshfields coordinates record UK bank merger
    The combined group will be headed by RBS chairman Viscount Younger. The bank has said that it intends to cut NatWest's staff numbers by 18,000.
    March 01 2000
  • McDermott grabs UK tax head
    US firm McDermott Will & Emery has recruited Tim Sanders, head of tax at UK firm Theodore Goddard, to its London office. Sanders takes his position at the beginning of May and will join Peter Nias, former head of tax at Simmons & Simmons in London, who joined McDermott in November 1998. At Theodore Goddard, tax partner Peter Sayer will replace Sanders.
    March 01 2000
  • Baker & McKenzie wins over the competition in new year spree
    Baker & McKenzie has started the year with all guns blazing, and appears to be outsmarting the top accountancy firms in the hunt for big-name tax partners. Both Daub and Glarbo chose the firm over the big five, with whom they have both had considerable experience.
    March 01 2000
  • Hughs & Luce arranges internet shopping merger
    The deal, to be completed at the end of the first quarter, will create CNET Networks, which will have 10 million users and 2,600 advertisers and merchants.
    March 01 2000
  • New Tokyo tax sends banks reeling
    The governor of Tokyo, Shintaro Ishihara, has outraged Japan’s largest banks by introducing a 3% corporate tax on their activities in the capital.
    March 01 2000
  • Davis Polk engineers medical merger
    The acquisition will include Medical Manager's subsidiary, Carelnsite, a supplier of clinical communication services.
    March 01 2000
  • Old Mutual picks Slaughter and May
    Old Mutual will pay 670p for each Gerrard share, and intends to merge Gerrard's brokers, Greg Middleton, with its own stockbroking business, Caple Cure Sharp. The combined group will have UK client funds of more than £27 billion, while Old Mutual will secure a valuable UK banking licence.
    March 01 2000
  • Taxing the internet goldrush
    Caught up in the excitement of using e-technologies, meeting e-challenges and working on e-time, many businesses overlook the fundamental tax aspects. The team* at KPMG, Silicon Valley recommends a careful approach to the e-highway
    March 01 2000
  • Skadden Arps helps Citigroup’s European growth
    Citigroup's subsidiary, Salomon Smith Barney, will take charge of the acquisition, and will double its equities and investment banking presence in Europe by combining itself with Schroders.
    March 01 2000
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