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  • Australia forges ahead on reforms
    Australia is now at the mid-point in what purports to be the total overhaul of its direct and indirect tax system. Peter McCullough of Deloitte Touche Tohmatsu, Australia and Ali Noroozi of Linklaters, UK detail the proposed changes
    April 30 2000
  • UK insurer wins landmark VAT exemption
    A high court of appeal decision in the UK could open the floodgates for insurance companies wanting to reclaim value-added tax (VAT) payments.
    April 30 2000
  • Clear choice of Akin Gump
    Clear Channel asked Texas-based Akin, Gump, Strauss, Hauer & Feld to act on the deal, with partner W Thomas Weir and associate Scott Stewart providing tax advice.
    April 30 2000
  • Dexia favours Sullivan & Cromwell
    Sullivan & Cromwell in New York is working on the deal for Dexia. Tax partner Andy Solomon and tax special counsel Rich Alpern were assisted by associates Rebecca Coccaro, Ted Markson and David Spitzer. Michael Schler of Cravath, Swaine & Moore is advising FSA Holdings.
    April 30 2000
  • Stroock & Stroock advises on-line trading firm
    Tax partner Kathleen Ferrell led the Davis Polk & Wardwell team for BSCH.
    April 30 2000
  • OECD and EU move to increase tax openness
    Following the UK’s latest alternative to an EU withholding tax and an OECD report, there could be big changes ahead for global banking secrecy. Rufus Jones reports
    April 30 2000
  • Clifford Chance advises on CLO securitization
    HSBC was advised by Clifford Chance. In the UK, Jonathan Elman, Michael Brosnahan and Helen Smith handled tax aspects of the transaction, along with John Lutz and David Hepp in the US.
    April 30 2000
  • Milbank Tweed acts on BCP refinancing
    Milbank, Tweed, Hadley & McCloy represented the lead arrangers, who comprised Amro Bank, Bank of America, Westdeutsche Landesbank Girozentrale, Citibank and Wachovia Bank. Milbank associates Nicholas DeCarlo, Julie Jacobs and Dean Manson worked on the deal, led by partner Glen Gerstell, of the Washington DC office.
    April 30 2000
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    Sharing the spoils in Asia Pacific
    Asia's top advisers are sitting pretty. Work in China continues to develop at a frantic pace, and Japan has bounced back with an increased appetite for tax planning. More changes are due and clients are calling for more firms to get in on the act. Rufus Jones reports
    April 30 2000
  • UK budget changes
    The UK chancellor of the exchequer presented his budget on March 21, and the Finance Bill was published on April 7 – at 558 pages it was by far the longest ever. The bill has to be debated in and approved by parliament before it becomes law. Thus, while many of the measures take effect immediately, changes could be made during the parliamentary process.
    April 30 2000
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