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  • The issue of corporate tax shelters and loopholes is becoming an unlikely early battlefield for Republican and Democrat candidates in the run-up to the US elections.
  • Thirty four Celltech shares are being offered for every 100 shares of Medeva, with the new company operating under the name Celltech Medeva.
  • 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
  • Under an amendment to the Sweden-Japan tax treaty, no withholding tax will be imposed on dividends paid to a Swedish/Japanese company, as long as the beneficial owner holds at least 25% of the voting shares issued by the company in the other contracting state. Withholding tax can also be avoided if the shares issued by the beneficial owner are either:
  • International Tax Review brings you the results of its third Latin America survey. In a year that has brought a bewildering series of tax reforms, big five advisers are still convinced that they should be treating Latin America as a single region. But try telling that to the local firms. Rufus Jones reports
  • On October 26 1999, the Dutch government proposed new legislation regarding its fiscal unity tax facility within the context of the Dutch Corporate Income Tax Act. The Dutch fiscal unity permits companies to apply for a tax consolidation of their wholly-owned subsidiaries, so that they can be treated as a single taxpayer and file one tax return.
  • In the June 1999 International Tax Review, we reported on tax discrimination of non-Austrian investment funds. The Tax Reform Act 2000, which has already been adopted, will not provide a level playing field for the tax treatment of Austrian and non-Austrian investment funds.
  • The British energy group National Power has sold off two of its power stations for a combined value of £1 billion ($1.6 billion).The move comes as the group announced plans to demerge its British and international operations.
  • Apax & Partners, the international private equity group, has bought BTR Paper Technology from engineering company Invensys for $810 million
  • The Spanish government recently submitted proposals to parliament for new research and development (R&D) tax incentives. These would provide: