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  • Ernst & Young offers net advice
    The world of faceless tax advice moved one step closer when Ernst & Young announced the launch of the first on-line tax adviser. Endearingly named Ernie, the adviser will allow clients to ask tax questions and receive written answers on-line.
    August 31 1999
  • Fried Frank in petfood deal
    Fried Frank Harris Shriver & Jacobson is advising Procter & Gamble (P&G) on the acquisition of Iams, a petfood company for about $2.3 billion. The deal is subject to regulatory approval but should be complete within a month.
    August 31 1999
  • Mayer Brown advises Abbott
    The Chicago and Los Angeles offices of Mayer Brown & Platt are advising Abbott laboratories on the acquisition of ALZA corporation. The transaction values ALZA, a research-based pharmaceuticals company, at approximately $7.3 billion. The deal follows ALZA’s earlier acquisition of SEQUUS Pharmaceuticals earlier this year.
    August 31 1999
  • Boom time for Europe’s tax advisers
    International Tax Review’s annual survey finds the big five continuing to dominate. But our results also find that corporate tax work is growing rapidly, and that there is plenty of room for all to prosper. Rosie Murray-West and Oliver Ralph ask why demand is expanding so quickly
    August 31 1999
  • Germany limits haven opportunities
    Germany’s high tax rates have forced both companies and individuals to seek refuge in tax havens. But years of legislation have restricted the opportunities. Hans-Jorg Fischer of Clifford Chance in Frankfurt presents an overall view of Germany’s tax haven regulations
    August 31 1999
  • Chinese temptation for R&D plans
    China’s efforts to boost new technology could have welcome consequences for foreign investors. Elizabeth Thong of Simmons & Simmons in Shanghai explains how multinationals can benefit from the latest incentives
    August 31 1999
  • German rules pierce corporate veil
    The German CFC regime was, like many others, founded on the principles of the US’ Subpart F. Since its inception in 1972, the rules have been adapted to focus on capital investments. Mark Smith and Diether Laudan of Ernst & Young in Stuttgart explain the rules
    August 31 1999
  • IRS loses key transfer pricing case
    After a string of victories in the US tax courts, the IRS has lost a transfer pricing case. Not only did Compaq (the company concerned) avoid the excess tax that the IRS had charged, but they also received a positive adjustment of $21 million. This is the first time in a reported case that a company has received a positive adjustment.
    August 31 1999
  • UK big three in pub deal
    Punch Taverns is acquiring Allied Domecq Retailing in the UK for £2.75 billion ($4.4 billion). This will make Punch the second-largest public house operator in the UK after Nomura Securities. Rival leisure company Whitbread retired from the fight to gain control of Allied when the UK Department of Trade and Industry decided that The Competition Commission would have to examine the Whitbread bid.
    August 31 1999
  • VAT treatment of import and export of services in Argentina
    The Tax Reform enacted in December, 1998 introduced significant amendments to the value added tax, specifically with regards to the creation of new taxable events.
    August 31 1999
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