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  • 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
  • Corporate tax reform; Switzerland-US tax treaty
    To increase the attraction of Switzerland as a holding location and a business headquarters site, various favourable tax reform measures were adopted by the Swiss parliament in October 1997. Except in the unlikely case of a referendum, the reform will probably enter into force as of January 1 1998. The most significant measures are discussed below.
    December 01 1998
  • Transfer pricing studies due by March 31
    Under the 1997 Mexican income tax reforms, all Mexican companies with international related-party transactions are obliged to document that their transfer prices were determined in accordance with the arm's-length standard. In particular, they must document that one of the transfer pricing methods specified by law has been employed.
    December 01 1998
  • New Tax Treaties
    The Portuguese parliament and the president have approved and ratified double tax treaties with the Czech Republic and Poland.
    December 01 1998
  • Growth of life insurance business
    The economic stability experienced during the last few years, together with greater interest on the part of individuals in this type of insurance, has accelerated the development of life insurance and related products, in Argentina. International corporations, aware of this development, have started to set up and compete in this new market.
    December 01 1998
  • Wachtell, Lipton advises Vulcan
    New York law firm Wachtell, Lipton, Rosen & Katz is advising Vulcan Materials, a construction company based in Alabama, on its acquisition of CalMat, a Los Angeles construction company. The deal is valued at $890 million.
    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
  • IBC looks to Cameron McKenna
    IBC and LLP, two UK business-to-business publishing groups have announced their decision to merge. The all-share deal will create a group worth £315 million ($503 million).
    December 01 1998
  • Canary Islands: A tax landmark in Europe?
    Several aspects of the Canary Islands tax systems have traditionally differed from the tax regimes applicable in the Spanish mainland. In 1994 the tax regimes of these islands were adapted to modern tax systems with the entry into force of Law 19/1994, of July 6. This has subsequently undergone certain amendments.
    December 01 1998
  • New Tax Developments
    New government measures have just been announced in Brazil, as a result of the turmoil which engulfed the Brazilian economy last month.
    December 01 1998
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