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  • Netherlands retailer Royal Ahold has made a global offering of shares and notes with a combined value of $2.3 billion. The offering was made to finance part of the cost of the acquisition of US retailer Giant Food. It involved listing on the Dutch AEX stock exchange, the Swiss stock exchange and the New York stock exchange.
  • Profits from exports of computer software from India have enjoyed tax exemption under section 80HHE of India's Income Tax Act. Computer software was defined to mean any computer program recorded on disk, tape, perforated media or any other information storage device, and including any program which is transmitted from India to any place outside India by any means.
  • In the September 1998 International update, the provisions of Argentina's tax reform as they apply to residents were analyzed. In this second article, issues affecting non-residents and foreign beneficiaries will be considered based on the project approved by the Deputies Chamber which is pending approval by Congress.
  • Tax directors are drowning in a sea of information. But as books give way to disks and CD-Roms, Oliver Ralph asks software users and suppliers how electronic information can help tax professionals and how much value these products really represent
  • Changes to Japan’s debt securities regime have cleared the way for withholding tax exemption. Yusaku Ono of Hamada & Matsumoto, Tokyo advises on how non-residents and non-Japanese corporations can make the most of the new system
  • Sweden has attempted several versions of a GAAR. However, the latest version still leaves taxpayers uncertain that it will be applied to their transactions. By Brita Munck-Persson and Thomas Lakhall, Mannheimer Swartling Advokatbyrå, Stockholm
  • The 52nd IFA Congress, held in October this year, sported a new style. But was the substance and quality of debate enhanced? Phillippa Cannon sifts through the discussions to identify key questions and, in some places, even conclusions
  • Taxpayers who believe that their transactions are too complex for the revenue authorities to sort out should pay very close attention to recent IRS victories in the US courts. By Keith Martin, Chadbourne & Parke, Washington DC
  • A bill has been submitted to the Netherlands parliament on the issue of the tax consequences of the introduction of the euro.
  • In a decision dated April 30 1997, but published considerably later, the Tax Court of Rheinland-Pfalz has held that the income of a foreign satellite operator from a "transponder usage agreement" with a German provider of television programming was not subject to taxation in Germany.