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  • The Finnish government has introduced Bills to amend the Income Tax Act for the tax year 2000. The government has introduced the following amendments.
  • A number of recent rulings in India have denied treaty relief to residents of low-tax jurisdictions. Frank D’Souza, Keyur Shah and Jatin Goradia of Arthur Andersen in Mumbai examine the consequences for other double tax agreements signed by India
  • Under Austrian national law, payments made to non-resident artists and sportsmen for their cultural or sporting activities in Austria are subject to a 20% withholding tax. Recently, the Austrian Ministry of Fiscal Affairs issued new guidelines for the income taxation of non-resident artists and sportsmen. The cornerstones of these new guidelines are the following:
  • The New Zealand government has ironed out a number of kinks in the tax system. Changes have been made to the conduit tax rules and joint bank accounts, among other areas. Craig Elliffe and Nathan Banks of KPMG in Auckland look at the consequences for multinationals
  • The Turkish government's emergency tax initiative is facing a difficult passage through parliament.
  • The French administration recently finalized guidelines concerning the possibility of negotiating an Advance Pricing Arrangement (APA) in France.
  • Two new arrivals
  • What's happening at Bennett Jones?The Calgary firm has decided to discontinue merger talks with Tory Tory Deslauriers & Binnington in Toronto. At the same time, the firm is losing tax partners to Ernst & Young
  • Scottish & Newcastle, the UK's largest brewer, has bought 50% of the Greenalls leisure group.
  • Henlys Group of the UK has announced the $665 million acquisition of the Blue Bird Corporation, the leading US school bus maker.