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  • Netherlands law firm Buruma Maris has lost its entire tax practice to the Dutch Linklaters & Alliance member, De Brauw, Blackstone, Westbroek.
  • One of Denmark’s leading tax advisers Robert Koch-Neilsen of law firm Plesner & Grønborg, has resigned his position at the firm following a financial scandal involving one of his clients. Kurt Torsen, a development entrepreneur, is under investigation by the Danish police after a signature on guarantees used by him to raise money for his projects was found to be false.
  • Chemical company Rohm & Haas is acquiring rival firm Morton International for $4.6 billion. The purchase will be paid two-thirds in cash and one-third in stock.
  • With retroactive effect as from January 1 1998, a special tax incentive for investment in movies entered into force. The incentive consists of a system of discretionary depreciation for investments in movies (other than advertising or publicity films). The facility is intended to provide an incentive for private investment in the Netherlands film industry. Individuals may also benefit from this incentive through the formation of closed limited partnerships which produce films.
  • Ireland's minister for finance has published his Finance Bill which runs to a weighty 326 pages. The following are some of the principle features outlined in the Finance Bill.
  • In the global race to attract multinationals through tax incentives, Switzerland has been losing out. Markus Neuhaus of PricewaterhouseCoopers, Zurich reports on a series of laws and regulations designed to win back old investors and attract new ones
  • Corporate streamlining and transfer pricing risks
  • Two recent rulings by India’s Authority for Advance Rulings have done little to clarify interpretation of Double Tax Avoidance Agreements by the courts. Bobby Parikh and Keyur Shah of Arthur Andersen, Mumbai, set out the cases, and discuss the points of contradiction
  • The tax issues of structuring inbound and outbound expatriate contracts in Hong Kong centre on the test of location of employment. Ian Love, PricewaterhouseCoopers, Hong Kong sets out the pitfalls and opportunities to be addressed
  • Decisions in Mexico and the US allow Mexican entities to cut their assets tax base and banks to reduce reporting requirements. By Miguel Valdés, Nicolás José Muñiz, Frederico Aguilar and Jorge García of Ernst & Young in New York and Mexico City