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  • 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.
  • 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.