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  • Two new arrivals
  • LTV, America's third largest steelmaker, has bought the tubular steel manufacturers Copperweld Corporation and Copperweld Canada for $650 million.
  • Carrefour and Promodes have merged to form Europe's largest retailer. The Ffr111 billion ($17.7 billion) deal will produce a combined chain of 9000 stores, and anticipated net sales of Ffr355 billion ($56.5 billion) this year.
  • 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.
  • On September 14 1999, the Dutch cabinet submitted to parliament a proposal for a new personal income tax that is proposed to come into force on January 1 2001. The proposed legislation is the core of a major revision of the Dutch taxation system, which will also involve amendments to existing laws.
  • The tax treatment applicable to stock option schemes has recently undergone some changes.
  • The Finnish government has introduced Bills to amend the Income Tax Act for the tax year 2000. The government has introduced the following amendments.
  • France’s draft finance bill for 2000 includes changes to the participation exemption, merger rules, enterprise zones, registration duty and the business liscence tax. Michel Magnon and Dominique Bera of Deloitte & Touche in Paris explain the most important proposals.
  • The doomed US tax cut bill has sparked a wide debate over the future direction of tax policy. One of it’s most striking features is the array of benefits offered to the project finance community. Keith Martin of Chadbourne & Parke in Washington explains what is at stake
  • The big five claim that they will soon be in a position to offer the complete tax service, from audit to litigation. But does the reality live up to the hype? Oliver Ralph looks behind the high profile recruitments and bar association debates and asks if tax directors expect one-stop-shopping in the near future