Search results for

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.

The following important tax developments have taken place in India.

Eugen Bogenschütz and Kelly Wright of Haarmann, Hemmelrath & Partner, Frankfurt-am-Main analyze the structure and outcome of the 1998 Daimler-Chrysler merger

Australia’s thin capitalization rules are covered in the wholesale tax reforms put forward in the Ralph Report. Peter van den Broek of Clayton Utz, Melbourne outlines the likely changes and their impact for international operations

The IRS has issued new regulations that further limit the use of check-the-box tax planning techniques used by US companies for their foreign subsidiaries. Keith Martin of Chadbourne & Parke assesses the extent of the new restrictions

The Dutch Supreme Court has ruled that a German engineering company had a permanent establishment in the Netherlands, and therefore the Netherlands was entitled to levy wages tax on the wages of German employees who worked occasionally in the Netherlands.

Further to Australia's Review of Business Taxation, a number of capital gains tax changes became law from December 10 1999. Included in the measures are scrip-for-scrip rollovers and improved incentives for venture capital investment.

Spanish value-added tax (VAT) law makes the exercise of the right to deduct VAT borne before starting up activities conditional on the fulfillment of certain requirements (a formal pre-commencement of activities declaration must be filed: in practice, those activities charging VAT must be commenced within one year, or an application must be filed to extend such term). Failure to meet those requirements means a deferral of the VAT deduction until activities are actually started, and a consequent financial cost.

Haarmann is the latest German practice to strengthen its presence in the UK marketplace. The announcement comes a month after the merger between Lovell White Durrant and Boesebeck Droste, though Haarmann is keen to point out that, unlike Boesebeck, it has maintained its independence.

China has announced that it intends to scale down its preferential tax policies for foreign companies.