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  • UK climate tax spells trouble for steel industry
    The UK steel industry is worried that government plans for a climate tax in 2001 could drive foreign investment out of the country. Although the tax was first announced in March 1999, industry protests forced the UK Treasury to slash the levy from £1.75 to £1 billion in November. But energy-intensive companies are lobbying for further reductions.
    March 31 2000
  • IRS moves against tax products
    The US Treasury is out to get tax products and is increasing its demands for disclosure as a deterrent against their use. Further moves will soon follow, as Keith Martin of Chadbourne & Parke LLP, Washington DC explains
    March 31 2000
  • Vodafone Mannesmann tests EU law
    Vodafone AirTouch/Mannesmann deal are reviewed by Conor Hurley and Andrew Beverley from Linklaters, and Lynne Patmore, group tax director at Vodafone AirTouch
    March 31 2000
  • Matheson moves for tax team
    Matheson Ormsby Prentice has boosted its tax department by bringing in four new associates.
    March 31 2000
  • Thin capitalization reform proposals
    The Australian tax system is undergoing enormous change following the Review of Business Taxation. Of particular interest from an international perspective are the draft proposals in relation to thin capitalization. The proposed rules, expected to apply from July 1 2001, will impact all Australian entities:
    March 31 2000
  • Having it all: can the big five hire every tax lawyer in the US?
    Recent raids on law firms have shown that the big five mean business in their pursuit of the top tax talent in the US. Rufus Jones investigates the limits of big five ambitions and asks how law firms can persuade their best people to stay
    March 31 2000
  • Linklaters structures petrochemical deal
    The UK petrochemical company BP Amoco has made a $4.7 billion offer for the chemical group Burmah Castrol.
    March 31 2000
  • Internet oldster opts for Fenwick & West
    Network Solutions, one of the old guard of the internet sector, has been bought by VeriSign in a $21 billion stock swap deal. Network Solutions provides domain name registration and management. It is one of the few internet companies that actually manages to make a profit.
    March 31 2000
  • Singapore budget shows more hopeful outlook
    Finance minister Richard Hu announced a budget that drew on a more optimistic reading of the Asian economic climate. Principal changes included a reduction in the corporate tax rate from 26% to 25.5%. The two-year property tax rebate for commercial and industrial properties, announced in 1998 was extended until 2001 but at the lower rate of 25%.
    March 31 2000
  • Germany draft threatens heavy burden
    The German draft transfer pricing documentation and APA regulations focus attention on the procedural elements of compliance. The rules, if adopted represent a significant documentation burden. By Thomas Borstell and Ludger Wellens, Ernst & Young, Düsseldorf
    March 31 2000
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