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  • Launch of Ecological Taxation in Germany
    The energy tax increases contained in the new tax legislation (see International Tax Review April 1999) potentially represent more than just a rise in existing excise taxes and, in the case of electricity, the introduction of a new one. In the eyes of their proponents, they are the start of an ambitious programme of ecological tax reform.
    April 30 1999
  • Three firms in Birmingham development deal
    Herbert Smith, Nicholson Graham & Jones and Nabarro Nathanson are advising the Birmingham Alliance on the redevelopment of Birmingham in the UK. The Birmingham Alliance is the title given to three limited partnerships who will invest £800 million (1.3 billion) redeveloping the Bullring and other buildings in the city. The companies involved; Hammerson PlC, Henderson Investors, and Land Securities, aim to pool their existing investments and coordinate redevelopment of the area.
    April 30 1999
  • O Bondo Svane in Nordic merger
    Danish law firm O Bondo Svane is advising financial services group Unidanmark on its merger with insurance company Tryg-Baltica. The deal will create one of the largest asset management groups in the Nordic region. The new company will be known as Unidanmark A/S, managing Dkr250 billion ($36.8 billion) worth of assets. The transaction will integrate Tryg Baltica’s central insurance organization and Unibank’s (a subsidiary of Unidanmark) insurance companies.
    April 30 1999
  • Davis Polk advises as Comcast acquires again
    Comcast, the Philadelphia-based cable-television company, is continuing its aggressive acquisitions policy by buying MediaOne Group.
    April 30 1999
  • Royal Bank of Scotland plc and Elliniko Dimosio (Greek State)
    Freedom of establishment — Tax legislation — Tax on company profits.
    April 28 1999
  • China forces investment rethink
    The Chinese government’s economic reform programme has forced companies to re-examine their inward investment strategies. Joseph Tse of Deloitte Touche Tohmatsu in Shanghai advises on how multinationals can finance investment in the most tax efficient way
    March 31 1999
  • Taxfax
    Simon takes partnership. Australians tax scouts, Forry makes the great leap, Nock is on the move again, Kuiper on the training run
    March 31 1999
  • Budget updates
    Hong Kong
    March 31 1999
  • Tax row blamed for German finance minister’s resignation
    German finance minister Oskar Lafontaine resigned from his post suddenly in March. Bonn officials gave no reason for his resignation, but the announcement followed an embarrassing forced revision of the forecasts for his tax reform plans.
    March 31 1999
  • US programme sets the standard
    The US APA programme is widely imitated and has become the benchmark for other jurisdictions. Steven Harris of KPMG LLP, Washington analyzes the reasons for its success and reviews the changes that could be on the horizon
    March 31 1999
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