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  • Edgemead, a company backed by the venture capital group Candover Partners, has placed a Euro385 million ($403 million) cash offer for Clondalkin group, an international producer of packaging and print materials.
  • From the discussions that have preceded the budget, it is safe to conclude that there will be no significant changes to the Swedish tax system. The political parties, on which the government is forced to rely, did not approve of the proposed reduction of the corporate tax rate from 28% to 25%.
  • KPMG is advising National Westminster Bank (NatWest) on the £10.8 billion ($17.4 billion) takeover of life assurer Legal & General. NatWest's plunge into the pension and insurance market reflects a growing trend among British banks.
  • Directive 69/335/EEC — Indirect taxes on the raising of capital — Charge for drawing up a notarially attested act recording an increase in share capital and a change in a company's name and registered office.
  • Freedom of establishment — Taxes on companies’ income — Tax concessions.
  • Directive 78/660/EEC — Annual accounts — Principle of a true and fair view — Principle that valuations must be made on a prudent basis — Principle that valuations must be made separately — Global provisions for a number of potential liabilities — Conditions governing the making of provisions.
  • Whether a duty imposed on the capitalisation of undistributed, but previously taxed, profits of a capital company constitutes a capital duty prohibited by Council Directive 69/335/EEC, as amended by Council Directive 85/303/EEC.
  • The Austrian Tax Reform Act 2000 has passed the legislation process in the Austrian parliament.
  • The recent controversy surrounding the taxation of relevant discount securities in the UK has produced a situation similar to that which applied in 1996. Sarah Squires of Cadwalader, Wickersham & Taft in London asks if the months of debate were really necessary
  • When Japan lifted its restriction on holding companies last year, it opened up a range of possibilities. Dean Yoost of PricewaterhouseCoopers and Masaakira Kitazawa of Anderson Mori advise on how to avoid the pitfalls and make the most of the new opportunities