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  • KPMG has announced its intention to move into the UK legal market by poaching six partners from London law firm Arnheim Tite & Lewis.
  • Two former colleagues from Baker & McKenzie will find themselves competing for business after being recruited into big five firms. Phil Morrison, a tax partner from Baker & McKenzie in Washington, has joined Deloitte & Touche as leader of the International Tax Group of the Washington National Tax Practice.
  • Brobeck Phleger & Harrison advised Rhythms NetConnections Inc, a US Internet connection provider, on its offerings of shares and debt.
  • New York law firm Davis Polk & Wardwell is advising RJR Nabisco and RJR Nabisco Holdings on the cash tender offers and consent solicitations for approximately $4.4 billion of RJR Nabisco's outstanding debt. RJR Nabisco Holdings' Capital Trust is also offering $373.8 million of 9.5% trust originated securities.
  • Ireland risks the animosity of its EU partners by adopting a policy of low tax rates for trading companies. But does this make it a tax haven or just a fair competitor for international business? Rosie Murray-West talks to both sides in what promises to be a heated debate
  • Cyprus’ treaty network with eastern European jurisdictions has provided new opportunities for offshore tax planning. Constantinos Adamides of Adamos K. Adamides & Co examines the provisions and possibilities offered by the Cyprus-Russia treaty
  • Japan’s new domestic special company will ease liquidation and securitization for domestic and foreign corporations. But as Dean Yoost and Sachihiko Fujimoto of PricewaterhouseCoopers in Tokyo argue, its stringent requirements mean other vehicles retain an appeal
  • Ernst & Young acquires compliance firm, Tax probe reveals JAL discrepancies, Colombia extends banking tax, Brazil offers concessions to states, Venezuela offers tax breaks to oil investors, Japan reforms stock and bond tax, Mexico's maquilas fear tax change
  • The Canadian Department of Finance has proposed transitional tax rules for foreign banks that wish to convert from a subsidiary to a full-service branch.
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