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  • 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
  • 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:
  • Apax & Partners, the international private equity group, has bought BTR Paper Technology from engineering company Invensys for $810 million
  • 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.
  • 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
  • Freedom of establishment — Payment made by a Swedish company to its subsidiary — Exemption from corporation tax.