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  • Stock option schemes have traditionally caused tax problems in India, but the 1999 Finance Act has clarified the situation. Mohan Monteiro and Keyur Shah of Arthur Andersen in Mumbai explain how multinationals can benefit and examine a worrying ruling
  • The Spanish government recently submitted proposals to parliament for new research and development (R&D) tax incentives. These would provide:
  • The Virgin Entertainment Group has sold its cinema chain, Virgin Cinema Holdings, to the French company UGC for £215 million ($344 million).
  • Four partners from the Munich office of German law firm Boesebeck Droste are to open a new office for Bruckhaus Westrick Heller Lober in the city, on January 1 2000. In doing so, they will miss out on Bosebeck's recently-announced merger with UK firm Lovell White Durrant.
  • The American internet photography company Interactive Pictures (IPIX) has merged with the website Bamboo.com in a $900 million deal
  • 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.
  • The European Court of Justice (ECJ) has upheld key provisions of German law in a case involving the income taxation of a Dutch national living in the Netherlands, but working in Germany (Frans Gschwind, September 14 1999, Case C-391/97).
  • The policy making processes of the OECD committee of fiscal affairs can seem like a secretive world.
  • The use of entrepreneur and principal structures is becoming more popular in Latin America, but multinationals must watch out for the potential pitfalls.