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  • Lovell White Durrant claims insurance deal
    The London office of Lovell White Durrant is representing Australian insurance group AMP in a deal valued at £2.7 billion ($4.3 billion).
    February 01 1999
  • Sullivan and Cromwell aids communication
    New York firm Sullivan & Cromwell is advising SBC Communications in the acquisition of Comcast Corporation's wireless subsidiary.
    February 01 1999
  • Freshfields and Linklaters power ahead
    Electricity utility PacifiCorp of the US has announced an agreed merger with ScottishPower of the UK.
    February 01 1999
  • 1999 Tax Reform Approved
    After much debate and delay, the Mexican Congress finally approved the 1999 budget on December 31 1998. The final measures do not differ from the original proposals submitted by the president in November, except that the controversial telephone tax proposal was scrapped.
    February 01 1999
  • Deals 1998: a behind the scenes guide - US tax aspects of the BP/Amoco transaction
    During 1998 a number of very large cross-border tax-free acquisitions of US public corporations by foreign public corporations were completed. One of the largest was the acquisition of Amoco Corporation, a major US integrated oil company, by British Petroleum.
    February 01 1999
  • Report on the budget speech of the Minister for Finance
    Ireland's minister for finance confirmed in his budget speech the agreement arrived at with the EU Commission in relation to Ireland's new corporation tax regime. The new corporation tax rate of 12.5% on trading profits will be fully phased in by January 1 2003 with the standard rate of 28% (effective January 1 1999) reducing by 4% each year. The tax rate applicable to non-trading income will be 25%.
    February 01 1999
  • Brazil Introduces fiscal austerity reform package
    The end of 1998 saw the Brazilian government proposing significant reforms to the country's social security and tax systems as a means of regaining international credibility and to spur domestic growth in the face of a global, soon to be followed by a domestic, crisis. According to the government, the introduction of a fiscal austerity programme is crucial to prevent an exacerbation of the economic recession.
    February 01 1999
  • Changing world leaves PE standing
    The permanent establishment concept is central to the taxation of businesses operating in more than one country. But the structures used have moved on since the original 1963 OECD definition. Oliver Ralph examines the pressing need for a reformulation
    February 01 1999
  • Big five prosper in the gloom
    As the world moves towards possible recession, International Tax Review reveals the big five revenue figures for 1998. Rosie Murray-West talks to the global heads of tax and asks them how they prosper in the face of adversity
    February 01 1999
  • Argentina tightens fiscal grip
    Argentina's tax reform programme has introduced key changes in VAT, transfer pricing and income tax. But as Jorge San Martín and Hugo N Almoño of Price Waterhouse, Buenos Aires argue, the commitment to neutrality has been weakened
    February 01 1999
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