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  • The New Government in Finland
    After the March 1999 parliamentary elections, the new government of Finland was appointed on April 15 1999. The government consists of the same political parties as the preceding government. The most influential parties in the government are the Social Democratic Party (SDP) and the conservative National Coalition Party (KOK). Paavo Lipponen (SDP) continues as prime minister and Sauli Niinisto (KOK) as minister of finance.
    June 30 1999
  • Mexico builds on promising start
    Mexico’s two year old transfer pricing regime has been running smoothly, but uncertainties remain, particularly over documentation rules and secret comparables. Miguel Valdés, William Hahn and Nicolás Muñiz of Ernst & Young, New York and Mexico City explain
    June 30 1999
  • Hong Kong tax chief in conflict probe
    Wong Ho-Sang, head of Hong Kong's Inland Revenue Department, is being investigated for possible breaches of taxation law and civil service rules.
    June 30 1999
  • Businesses unimpressed by German tax cut
    Gerhard Schroder, the German Chancellor, has revealed a package of tax cuts worth at least Dm 8 billion ($4.2 billion) to business. But industry figures think the Chancellor has not gone far enough.
    June 30 1999
  • French CFCs face EU challenges
    France’s CFC rules were originally modelled on the US regime but revised tax treaties and EU directives have caused extra problems for French companies with CFCs. Patrick Dibout of Jeantet et Associés in Paris explains how government and taxpayers have reacted
    June 30 1999
  • Wal-Mart looks to Ernst & Young
    Ernst & Young and Simmons & Simmons are advising Wal-Mart Stores Inc, the world's largest retailer, on its £6.7 billion (S10.8 billion) bid for UK supermarket group Asda.
    June 30 1999
  • Kramer Levin handles Tyco takeover
    New York firm Kramer, Levin, Naftalis & Frankel is advising Bermuda company Tyco on its acquisition of Raychem. Tyco is the world's biggest underwater communications firm, and Raychem designs, manufactures, and distributes electronic components. Tyco will pay $1.4billion in cash and will issue 16 million new shares based on the remainder of the Raychem shares.
    June 30 1999
  • Weil Gotshal advises on Hicks Muse/Hillsdown deal
    Weil Gotshal & Manges is advising Hicks Muse Tate & Furst on its £822 million ($1.3 billion)bid for UK foods comapny Hillsdown Holdings. Hillsdown's brands include Typhoo tea, Cadbury's biscuits and HP canned foods.
    June 30 1999
  • McDermott Will handles RAG transaction
    McDermott Will & Emery is advising RAG International Mining on its acquisition of Cyprus Amax coal company. The deal is valued at $1.1 billion in cash and debt. Cyprus Amax Coal is one of the biggest coal mining companies in the US and has properties in Pennsylvania, Wyoming, Utah, Colorado and Illinois. RAG is a subsidiary of the German energy and technology company RAG Aktiengesellschaft.
    June 30 1999
  • Australia passes food-exempt GST
    The Australian government has passed a goods and services tax (GST) deal which may place an additional compliance burden on business.
    June 30 1999
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