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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 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
  • 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.
  • Wolverhampton & Dudley Breweries of the UK has launched a £253 million ($405 million) takeover of its rival, Mansfield Brewery.
  • After a disappointing summer which ended with Clinton's veto of the tax bill, the US has had a busy autumn.Hal Hicks, Dave Benson and Margaret O'Connor of Ernst & Young in Washington DC explain the latest developments from the treasury, the IRS and the tax courts
  • Dutch set for taxation by boxes