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During a recent parliamentary debate, the Netherlands Under-Minister of Finance stated that for the time being the current rules of Netherlands tax law will not be amended for electronic commerce transactions. A report released under the auspices of the Ministry of Finance earlier this year suggested applying a value-added tax (VAT) rate of 0% for electronic commerce transactions. This report was drawn up by a working party which included independent experts.

Following the Irish government's announcement of the new corporate tax regime (as outlined in the September issue of International Tax Review), the Department of Finance has given further guidance and clarification on the implications of the new regime for the International Financial Services Centre (IFSC) in Dublin.

It has been a month in the news for KPMG. Between advertising campaigns and plans to float part of the partnership, the global services firm has rarely been out of the headlines. KPMG has now announced that it is to spend $60 million on a brand building campaign. It will be based on the phrase ?It's time for clarity?. The inspiration for this gem comes from a survey of 250 chief executive officers and chief financial officers at Fortune 1000 companies. The respondents expressed concern about the information overload and confusion of advice they receive.

Recovery of sums paid but not due — Procedural time-limits under national law.

Recovery of sums paid but not due — Procedural time-limits under national law — Interest.

Recovery of sums paid but not due — Procedural time-limits under national law.

A ruling of the Brandenburg tax court raises interesting issues concerning the value-added tax (VAT) treatment of companies which have little substance and engage in no meaningful economic activity.

Financial authorities in Austria and Germany have continued negotiations over the new double tax treaty of May 1998. Representatives of the Austrian Ministry of Finance have already disclosed the most important changes to the existing double tax treaty that the authorities were able to agree on. Although the negotiations have not yet been finalized in all aspects, it is likely that the following changes will be effective from the tax year 2000.

The recent European Court of Justice (ECJ) decision in ICI v Colmer follows principles in earlier ECJ cases, ie that UK direct tax law is subject to the Treaty of Rome, and where it contravenes the principle of freedom of establishment (non-discrimination), taxpayers have recourse to Community law.

US leveraged buy-out company Hicks, Muse, Tate & Furst is to sell LIN Television to affiliate company Chancellor Media. The deal is valued at $900 million and involves Chancellor issuing 17.7 million shares to Hicks Muse, doubling Hicks' stake in the company from 9% to 18%. Hicks Muse bought LIN Television in March 1998.