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  • California-based toy company Mattel is to buy Wisconsin doll maker Pleasant Company, for $700 million.
  • Philips, the Dutch electronics company, is to acquire US medical company ATL Ultrasound in an $800 million deal.
  • Lawyers are following accounting firms into global networks and accounting firms are following lawyers in to legal services. Phillippa Cannon and Oliver Ralph try to make sense of the tax merry-go-round and find out which advisers in Europe are coming out on top
  • Australia’s government wants to introduce a goods and services tax, as the first step on the road to a radical tax policy rethink. Ian Dinnison, of KPMG, Melbourne looks at the emerging contours and practical implications of the reform programme
  • Multinationals generally have not put Lao People’s Democratic Republic on their agenda of investment locations. To redress this, the Lao PDR government is actively promoting investment. By John Fisher and Van Mumby, PricewaterhouseCoopers Sydney and Hanoi
  • Collection techniques: Ukraine goes for tax hostages...
  • Saks Holdings, the company which owns the famous Saks 5th Avenue store in New York is to merge with Proffitts, an acquisitive retail group based in Birmingham, Alabama. The new company will operate 330 stores across the US. The deal is worth $2.1 billion.
  • US telecoms companies GTE and Bell Atlantic are to merge. The deal will create a company worth approximately $121 billion.
  • The merger of Price Waterhouse and Coopers & Lybrand into the snappily-named PricewaterhouseCoopers created plentiful work for both in-house and external tax advisers.
  • 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.