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  • Central America’s tax revolution
    Central America is attracting investment attention; worldwide tax systems have almost been abolished and national tax treatment is on offer. By Miguel A Valdés and Nicolás Muñiz of Ernst & Young’s Latin America Business Centre, New York
    May 31 1998
  • The twist in the stock option tale
    Stock options are gaining favour in Germany as an incentive for boards of directors and managerial employees. Wolfgang Oho and Oliver Neumann of Pünder, Volhard, Weber & Axster, Frankfurt am Main look at the tax implications
    May 31 1998
  • Exploring the taxation of oil and gas (part three)
    The third part of our survey of oil and gas taxation, highlights substantial changes which have opened Venezuela’s energy industry to foreign investment, and which have given rise to new tax challenges. By Nelson Rincón, Deloitte & Touche, Caracas
    May 31 1998
  • Japan: foreign distributors put to the test
    Dean Yoost and Daisuke Miyajima, Coopers & Lybrand, Tokyo alert readers to a new area of focus for Japan’s National Tax Administration. Advice is offered on what to expect and on how to prepare the best defence strategies
    May 31 1998
  • Reasons to revisit Czech investment
    The Czech Republic’s new package of investment incentives offers corporate tax holidays, accelerated depreciation allowances and duty-free import of some hi-tech machinery and equipment. By Dana Trezziová and Tomas Seidl, Deloitte & Touche, Prague
    May 31 1998
  • News in brief
    Andersen poaches Coopers partnerships
    May 31 1998
  • St Petersburg steps up tax incentive plans
    The St Petersburg legislative assembly is considering three draft laws that would provide tax incentives for foreign investors in the city. The draft laws propose state support of investment activity and tax concessions. An additional proposal calls for the establishment of a commission to help resolve investment conflicts. The commission would be composed of politicians and business representatives.
    May 31 1998
  • Taxfax
    Fink leaves Deloitte & Touche for investment bank
    May 31 1998
  • Times Mirror recruits Gibson, Dunn & Crutcher
    Reed Elsevier, the Anglo-Dutch publishing group, has agreed to purchase two businesses from California-based publisher Times Mirror. Reed Elsevier will acquire Matthew Bender and the 50% of Shepard's Company that it does not already own. The deal is valued at $1.65 billion and will create the second-largest legal publisher in the US.
    May 31 1998
  • Herbert Smith works on Argos deal
    Argos, the UK retail company, has accepted a £1.6 billion ($2.66 billion) bid from rival Great Universal Stores. The 650 pence ($11) a share offer was approved by 58% of shareholders. The deal was secured despite months of resistance from Argos directors. It will create one of the UK's largest retail companies.
    May 31 1998
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