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  • 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.
  • 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 $300 million of annual premiums.
  • Ireland's minister for finance has published the Finance Bill. The following are some of the principle features relating to international tax.
  • Harmonisation of tax laws – Council Directive 90/435/EEC – Parent companies and subsidiaries – Derogation from the prohibition of withholding tax, in the member state of the subsidiary, on profits distributed by the subsidiary to the parent company.
  • Brave man, that Andrew Jones. Ernst & Young's vice chairman of international tax and legal avoids the usual superlatives and gives a candid verdict on his firm's 1999 performance: "It's been a bit lumpy."
  • France’s advance rulings regulations offer companies a greater sense of security for their intra-group transactions. However, securing approval may leave some companies feeling dangerously exposed. By Caroline Silberztein, Mazars & Associés
  • BT's £1.5 billion ($XX) bid included an offer of $100 for each American depository share. This exceeded the $85 offered as part of Newtel's $1.6 billion hostile takeover bid. Newtel was formed out of the recent merger between Telia and Telenor. Newtel consulted Linklaters & Alliance, with partner Charles Hellier leading the tax team.
  • Thirty four Celltech shares are being offered for every 100 shares of Medeva, with the new company operating under the name Celltech Medeva.
  • The new group, to be known as AOL Time Warner, will have combined revenues of $30 billion. AOL shareholders will receive 1.5 shares of the new company for every AOL share. This will give the internet company a 55% slice of AOL Time Warner. Ted Turner will be vice chairman of AOL Time Warner, with AOL's Steve Case chairman. The group will hold a series of brands including Sports Illustrated, Fortune, Entertainment Weekly and Looney Tunes.
  • The German government has announced sweeping tax cuts which include full tax exemption on capital gains.