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  • 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
  • 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
  • Argentina leads on thin capitalization
    If others follow where Argentina has led, Latin American tax authorities may soon be scrutinizing heavy debt-financing. Multinationals should take note. By Mario de Castro, Manuel Diskenstein, John Mascaro and Romero Tavares, Deloitte & Touche LLP
    March 01 2000
  • Germany tightens cost-sharing rules
    New German regulations narrow the scope and broaden the formal requirements of cost-sharing arrangements. Multinationals have until the end of the year to make the necessary changes. By Alexander Vögele of KPMG, Frankfurt am Main
    March 01 2000
  • Hong Kong to introduce first ever sales tax
    The Hong Kong government will try to introduce its first ever sales tax in the March budget.
    March 01 2000
  • IT firms look forward to Indian budget
    Information technology associations in India are hoping that the Ministry of Finance agrees to their demands for tax breaks in the forthcoming budget.
    March 01 2000
  • KPMG raids Weil Gotshal tax practice
    Daniel Horowitz, Stephen Bates, Monica Zubler, Ronald Dabrowski, Richard Hoge and Patrick Jackman are all joining Lainoff at KPMG. Lainoff himself is taking up the position of partner in charge of international corporate tax at the firm's Washington office. Of the other six, one will be stationed in New York, while five will remain in the capital.
    March 01 2000
  • Baker & McKenzie works on Mexican takeover
    The Mexican firm, which is owned by Grupo Financiero Bancomer and the US health insurer Aetna, is the country's third-largest insurance company with $300 million of annual premiums.
    March 01 2000
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