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  • 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
  • AA turns to Linklaters
    Linklaters & Alliance advised Centrica plc on its acquisition of the Automobile Association. The value of the transaction was £1.1 billion ($18 billion).
    August 31 1999
  • US court upholds National Westminster’s claim against IRS
    National Westminster Bank and the UK government are celebrating a victory over the US Internal Revenue Service (IRS) , following a US ruling on National Westminster’s tax payments.
    August 31 1999
  • Austrian tax reform 2000: news for new business
    The Austrian Tax Reform Act 2000 has passed the legislation process in the Austrian parliament.
    August 31 1999
  • UK security rules come full circle
    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
    August 31 1999
  • Ashurst advises Deutsche
    UK firm Ashurst Morris Crisp is advising Deutsche Telecom on its purchase of UK mobile phone operator One2One. Deutsche will pay Cable & Wireless and MediaOne (who each have a 50% stake in the operator) £8.4 billion ($13.5 billion) including debt, for the purchase.
    August 31 1999
  • Stock lending and re-purchase transactions - revised tax treatment
    The Irish tax authorities have recently published details of the revised tax arrangements to apply to stock lending and repurchase (repo) transactions. Stock lending and repo transactions involve the temporary transfer of stock or securities from one party to another with the simultaneous commitment to reverse the transaction at some point in the future. From a tax perspective, there are two important aspects to stock lending and repo transactions.
    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
  • KPMG links tax practice to Morrison & Foerster
    Big five firm KPMG has formed a strategic tax alliance with Morrison & Foerster, a US West Coast law firm. This is the first time that a big law firm has formed a relationship with a big five accounting firm in the US
    August 31 1999
  • News in Brief
    Russia considers tax on money transfers, United Parcel Service may appeal on tax judgement, Brazil scraps banking tax
    August 31 1999
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