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  • 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.
  • Dutch set for taxation by boxes
  • 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.
  • The German insurance group Allianz will pay $3.3 billion to acquire majority ownership of PIMCO, one of the largest investment management companies in America.
  • Ernst & Young in the US has financed the launch of a new Washington DC law firm, creating the first direct link between one of the big five and a US law firm. McKee Nelson Ernst & Young was established on November 2 1999 and will operate as an independent affiliate within the Ernst & Young global network.
  • KPMG has stunned the Mexican tax advice market by signing a cooperation agreement with tax firm Chevez, Ruiz, Zamarripa y Cia.
  • Comcast, the third-largest US cable operator, is merging with television operator Lenfest Communications (LCI) for $6.9 billion. Comcast will give 116 million shares of class A special common stock to LCI shareholders, and will take on $1.5 billion of LCI debt.
  • The debate over Mario Monti's tax package has been raging for months
  • Gottfreid Breuninger, tax partner at Oppenhoff & Rädler in Munich, is to join the Frankfurt office of US-based firm Cleary Gottlieb Steen & Hamilton in March.