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  • 1998 was a busy year for M&A. The International Tax Review insiders’ guide takes you into the heart of the deals, with advisers from Allen & Overy, Haarmann, Hemmelrath & Partner, Sullivan & Cromwell, Davis, Polk & Wardwell and Tory, Tory, Deslauriers & Binnington
  • The Canadian GAAR has yet to show its teeth, but tax advisers and their clients should be under no illusions about its potential bite. Robert Couzin of Ernst & Young, Toronto examines the rule and highlights the principal areas of concern
  • Stock options, an increasingly popular means of aligning employee remuneration with company performance, are now becoming more widely available in Germany. Sven Tischendorf, Wessing & Berenberg-Gossler, Frankfurt discusses their tax and other implications
  • The OECD conference on e-commerce laid down basic principles and areas for debate. But, as Christine Sanderson of PricewaterhouseCoopers Global and Electronic Business Group reports, there is work still to be done for states to avoid the need for unilateral action
  • Competition for holding company business will intensify with the proposal for a new Danish structure. The regime offers multinationals significant benefits and, as Ned Shelton of Sheltons, Copenhagen, explains could win Denmark business from more established jurisdictions
  • Japanese Prime Minister Keizo Obuchi and opposition party leader Ichiro Ozawa have agreed to increase the scale of tax cuts from Y6,000 ($50.5bn) to Y10,000 ($84.2bn). The cuts are aimed at stimulating the flagging economy by encouraging spending.
  • The Shanghai Finance Bureau and the Shanghai Local Tax Bureau have created a tax refund programme for residential property buyers in Shanghai.
  • The inclusion of food in Australia's planned goods and services tax (GST) is ensuring the proposals get a rough ride through the Senate. Dissent may result in the final legislation being more complex than first envisaged.
  • A call by Germany and France for an end to unanimous voting on tax issues in the EU has led to heated debate over tax sovereignty. Many member states fear that the loss of their veto could lead to harmonization of taxes across Europe.
  • As International Tax Review reveals the results of the third annual survey of Latin American tax advice, Oliver Ralph talks to consultants and their clients about the globalization of tax policy that is forcing a sea change in the way that advice is given.