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  • Top advisers thrive under pressure
    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.
    December 01 1998
  • News in Brief
    Spain to aid recession-hit companies, UK will be a lower-taxed port in a storm, Malaysian budget promises tax changes, Evasion spreads in Russia as harsher laws are ignored, Brazil’s austerity plan increases tax burden, Cayman Islands will not cooperate on tax crime, Pakistan’s economy rests on tax collectors’ shoulders France’s tax breaks will fight the millennium bug, Tax cuts may lift Peru’s gloom
    December 01 1998
  • Mexico fights crisis with tax rises.
    Mexico has fared better than some of its Latin-American neighbours in the economic crisis. But the outlook is not good and high tax rates are viewed as a potential safety net
    December 01 1998
  • Shanghai tax refund tempts property owners
    The Shanghai Finance Bureau and the Shanghai Local Tax Bureau have created a tax refund programme for residential property buyers in Shanghai.
    December 01 1998
  • Food row may endanger Australia's tax reform.
    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.
    December 01 1998
  • Cleary, Gottlieb advises Deutsche Bank
    Deutsche Bank is to acquire Bankers Trust in a transaction valued at approximately $9.7 billion. The move will create the world’s largest financial services company in terms of assets.
    December 01 1998
  • Robinson, Silverman in book deal
    US-based bookseller Barnes & Noble is to purchase Ingram Book Group in a deal valued at $600 million. This comprises $200 million in cash and $400 million in stock.
    December 01 1998
  • General Anti-Avoidance rule
    The UK Inland Revenue has published a consultative document on a general anti-avoidance rule (GAAR), which will apply to companies and direct taxes only.
    December 01 1998
  • Enron looks to Freshfields
    Enron Corporation is to purchase Wessex Water of the UK for £1.34 billion. The purchase is a key step in Enron’s formation of a new global water company.
    December 01 1998
  • Majority vote suggestion opens Europe's can of worms
    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.
    December 01 1998
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