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  • 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.
  • Tax agreements
  • Recent legislation in the Netherlands Antilles aims to alter its image as a tax haven and boost its status as a financial services centre. Dennis Evertsz and Kees-Jan Quirijns of Deloitte Touche Tohmatsu, Curaçao advise investors to reassess their positions
  • The Hong Kong government will try to introduce its first ever sales tax in the March budget.
  • 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