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  • Revenue Canada releases transfer pricing circular
    Revenue Canada has finally released its long-awaited transfer pricing circular, detailing its attitudes to legislation put in place two years ago
    November 01 1999
  • Clarification of tax treatment of share capital reorganization
    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.
    November 01 1999
  • UK strikes at tax havens
    The UK has announced a crackdown on the use of island tax havens, but practitioners doubt the effectiveness of the reforms.
    November 01 1999
  • EU prospects push central European reform
    Central Europe Tax Advice
    November 01 1999
  • Release of report reviewing business taxation
    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.
    November 01 1999
  • Racal goes
    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.
    November 01 1999
  • Ineos consults Freshfields
    The UK chemicals company ICI has sold its acrylics business in Belgium to Ineos Acrylics for $847 million.
    November 01 1999
  • Herbert Smith advises Bank of Scotland
    The Bank of Scotland has launched a £20.85 billion ($34.7 billion) hostile bid for the UK's National Westminster Bank (NatWest). The surprise offer comes one month after NatWest agreed to pay £10.8 billion ($17.4 billion) for the life assurer Legal & General.
    November 01 1999
  • Davis Polk conducts Merrill Lynch deal
    Davis Polk conducts Merrill Lynch deal
    November 01 1999
  • New tax regime for foreign experts
    According to a report recently published by the Swedish government, new rules for the taxation of foreign experts, scientists, executives and other personnel in key positions will be introduced as of January 1 2000.
    November 01 1999
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