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The UK Inland Revenue published on November 29 1999, details of a proposed new power to obtain information relating to suspected serious tax fraud.

Before joining Clifford Chance in 1990, de Vos was with Loyens & Volkmaars, working both in Amsterdam and in Hong Kong. He describes his time in Hong Kong as "probably the best time of my life. It's a great place to be".

The new recruits bring the number of lawyers to 17 since the launch of the office in November last year (see International Tax Review Dec/Jan 2000). Three of the partners, Scott Farmer, John Magee and Richard Stark, all come from Washington DC firm, Miller & Chevalier. Farmer is head of Miller's international tax practice, whilst Magee is former chair of Miller's tax practice department and was a member of the firm's executive committee. The other partner, trial lawyer David Curtin, joins from the DC office of US firm King & Spalding, where MNE&Y co-founders, William McKee and William Nelson originate.

Although Danone has paid $1.1 billion, tax cuts offered by the US tax system will bring the cost down to $870 million. McKesson Water's $380 million turnover will give Danone a 16.7% share in the bottled water market. The French company is also one of the backers behind Finalrealm, the consortium bidding for the UK group United Biscuits.

The new company, to be based in Montreal, will become the largest line in North America. Each CN share will be exchanged for 1.05 Burlington Northern shares.

Global Crossing is seeking a $1.2 billion loan to to acquire Racal's assets.

The merger will create the country's largest independent television company. Carlton shareholders will hold 52% of the new company compared with United shareholders' 48% stake. The new group expects cost savings to reach £40 million.

Monsanto has announced that its agricultural chemical wing will be spun off after shareholder concern. Its controversial genetically modified foods division is being retained, however.

The use of the maquiladora vehicle has proved to be efficient for US corporations operating in Mexico.

And so the EU's December conference in Helsinki ended not with a bang, but a whimper.