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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

Wong Ho-Sang, head of Hong Kong's Inland Revenue Department, is being investigated for possible breaches of taxation law and civil service rules.

Herbert Smith is advising the UK's largest transport group, Stagecoach, on its purchase of Houston-based Coach USA. The purchase is valued at $1.8 billion, which includes the assumption of $571million of debt. This is Stagecoach's first US acquisition and gives the company a foothold in the North American transport sector. The deal is being financed through a $2.25 billion loan from Credit Suisse First Boston, JP Morgan and the Royal Bank of Scotland. Stagecoach will also later issue up to $1 billion in bonds and equity-related securities for refinancing.

UK Companies and law firms have pledged to fight on after an amendment concerning the Inland Revenue's power to force companies to disclose legal correspondence fell in Parliament.

Belgium’s advance rulings procedure has existed since 1993. But recent legislation has expanded the range of rulings available. Marc de Munter of Freshfields Deringer in Brussels explains how multinationals can make the most of the new system

Shearman & Sterling is advising US holding company Georgia Pacific on its acquisition of North America's largest paper distributing and marketing company, Unisource.

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.

Canadian foreign affiliate rules have been compared to the US regime for their complexity. Ian Crosbie of Davies, Ward & Beck in Toronto explains the legislation and clarifies how new anti-abuse proposals could catch many taxpayers unawares

Charge of Deloitte brigade Clowning around at the CIOT Tax Litigator shifts to private firm Liu seduced by Sidley's charms KPMG recruits Brockway Smart moves for Arthur Andersen Sutherland Asbill expands in Washington

The Indian government has passed the Companies (Amendment) Act, 1999 that makes some important amendments to the Companies Act, 1956, with effect from October 31 1998. Some of the most important changes are as follows.