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  • Diary
    Bringing you the latest news on expected budgets, legislative changes and treaties from around the world
    September 30 1999
  • Denmark disappoints with downbeat budget
    Danish businesses are up in arms following a draft budget that not only failed to announce a corporate tax cut, but also proposed a significant rise in environmental taxes.
    September 30 1999
  • French government agrees to APAs
    The French administration recently finalized guidelines concerning the possibility of negotiating an Advance Pricing Arrangement (APA) in France.
    September 30 1999
  • Scottish & Newcastle buys Greenalls
    Scottish & Newcastle, the UK's largest brewer, has bought 50% of the Greenalls leisure group.
    September 30 1999
  • Ernst & Young advises on landmark Irish deal
    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.
    September 30 1999
  • Transfer pricing. New rules permit tax free repatriation of cash after a Section 482 adjustment.
    The IRS released Rev. Proc. 99-32, the long-awaited revision of the revenue procedure authorizing the tax-free repatriation of cash following a §482 adjustment, on August 2 1999. Revenue Procedure 99-32 finalizes earlier proposals to update the previous rules that were first issued in Rev. Proc. 65-17.
    September 30 1999
  • Gibson Dunn & Crutcher advises on Hilton deal
    Hilton Hotels has announced a $4 billion takeover of the Promus Hotels Corporation.
    September 30 1999
  • The budget
    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%.
    September 30 1999
  • Advance pricing agreements
    This year's UK Finance Act introduced the concept of Advance Pricing Agreements (APAs) in the field of transfer pricing. The legislation is supplemented by a Statement of Practice (Statement) which was published at the beginning of September.
    September 30 1999
  • News in brief
    Ireland enjoys evasion spectacle
    September 30 1999
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