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  • 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.
  • Revenue Canada has finally released its long-awaited transfer pricing circular, detailing its attitudes to legislation put in place two years ago
  • Tax measures governing share buyback, capital reduction, and share redemption transactions of Singapore resident companies were recently introduced in Singapore under the Income Tax (Amendment) Act 1999.
  • The UK has announced a crackdown on the use of island tax havens, but practitioners doubt the effectiveness of the reforms.
  • Central Europe Tax Advice
  • Australian business income taxation was recently reviewed in a report which detailed the findings of a discussion paper, A Platform for Consultation, issued earlier this year. The report's objective was to review Australia's current business income tax system and provide recommendations.
  • The international telecommunications network Global Crossing has bought the UK company Racal Telecom for $1.7 billion. Global Crossing, a US company based in Bermuda, outbid the US company Energis for Racal, and will use the deal to strengthen its presence in the UK.