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  • The UK chemicals company ICI has sold its acrylics business in Belgium to Ineos Acrylics for $847 million.
  • 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.
  • The $11.6 billion deal between US companies Union Carbide and Dow Chemicals is near completion, with Union Carbide shareholders voting on the merger on December 1.
  • Davis Polk conducts Merrill Lynch deal
  • 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.
  • The American company Delta Air Lines has completed its acquisition of the Ohio airline Comair Holdings.
  • Brazil reforms cut planning opportunities
  • Ernst & Young close in on Atlanta firm
  • The importance which Ireland places on double tax agreements is evident from the number to which it is now party. Since the signing of its first agreement on December 31 1951 with the US, Ireland has entered into 35 double tax agreements. Many of these are with Ireland's neighbours, including fellow members of the European Union, however they also include countries further afield such as Japan, Israel, Mexico, Malaysia, South Africa and Pakistan.
  • The UK customs and excise has won a value-added tax (VAT) case in the European Court of Justice, which, had it failed, could have allowed companies to claim back up to £15 billion ($25 billion) in VAT