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  • 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.
  • 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.
  • China tax specialist Michael Moser has moved from Baker & McKenzie to Freshfields. Moser, who was managing partner of Baker & McKenzie's China practice in Beijing, will move to the Freshfields office in Hong Kong.
  • The European telecommunications group Unisource has sold its French subsiduary SIRIS to Deutsche Telekom for £450 million.
  • The UK logistics and removal company NFC is selling its moving services business to the US investment firm Clayton, Dubilier & Rice. The firm will combine the business, which relocates 40,000 households every year, with its North American Van Lines company for $450 million in cash and stock.