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  • Carlton looks to Slaughter and May
    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.
    February 01 2000
  • Monsanto uses Arnold & Porter
    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.
    February 01 2000
  • Mexico's balancing act
    The use of the maquiladora vehicle has proved to be efficient for US corporations operating in Mexico.
    February 01 2000
  • EU deadlock gives OECD chance to show its teeth
    And so the EU's December conference in Helsinki ended not with a bang, but a whimper.
    February 01 2000
  • Brazil tax package revived
    You can't take your eye off Brazil for a second these days. Proposals for the country's long-awaited tax reform package, which looked dead in the water in November, should have been completed by January 15, according to the Brazilian government.
    February 01 2000
  • Slovakia slashes corporate tax
    Slovakia has reduced its corporate tax rate from 40% to 29% as part of the 2000 budget, in a bid to attract increased foreign investment. The cabinet passed a draft version of the budget which was accepted by parliament on November 24. The new law comes into effect January 1.
    February 01 2000
  • Estonian reforms tax dividend payouts
    Estonia has passed new corporate tax legislation designed to encourage further investment.
    February 01 2000
  • Japanese consolidation delayed
    Japan's plans to introduce a consolidated tax system appear to have stalled. The Ministry of Finance has announced that it is doubtful that they will be able to honour the April 2001 deadline originally set.
    February 01 2000
  • Telewest turns to Weil, Gotshal in Microsoft deal
    The issue was registered with the Securities and Exchange Commission and is therefore open to US holders of Telewest shares. In a connected move, Microsoft and the Liberty Media Group acquired 51.3% of the rights issue, thereby allowing Microsoft to take a stake in Telewest.
    February 01 2000
  • Corporation tax - local currency elections
    The UK Inland Revenue issued a press release on January 14 announcing that legislation would be introduced in the next Finance Bill to widen the circumstances in which companies can calculate their taxable profits in a currency other than sterling. The new rules will apply to accounting periods beginning on or after January 1 2000.
    February 01 2000
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