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  • 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
  • US enters Chile treaty negotiations
    The US Treasury has announced that it is negotiating a tax treaty with Chile. Though it is unclear how close the two countries are to reaching an agreement, a successful outcome would bring about only the second tax treaty between the US and a South American country.
    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
  • Freshfields advises EMI in Time Warner deal
    The media group has announced a further agreement with the UK music company EMI, in a deal worth $20 billion.
    March 01 2000
  • 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
  • Turning the investment flow back on
    Recent price rises have led to a rejuvenation of Middle East oil and gas investment activity. In this volatile business environment high tax rates may trap the unwary. Neil MacLeod of Arthur Andersen, Dubai, recommends careful forward planning
    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
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