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  • NEW IRISH CORPORATE TAX REGIME
    The Irish government has formally announced the new corporate tax regime for Ireland, which has been agreed with the EU Commission.
    August 31 1998
  • JOINT AND SEVERAL LIABILITY OF MUTUAL FUND DEPOSITARIES AND MANAGERS
    Capital gains on the repayment to non-residents of units in Spanish mutual funds are taxed at 35%, unless the non-resident in question is protected by a tax treaty or is an EU resident, in which case the capital gain will be tax exempt.
    August 31 1998
  • News in brief
    Belgium set to alter taxes on share exchanges and stock options
    August 31 1998
  • Mattel recruits Wachtell, Lipton
    California-based toy company Mattel is to buy Wisconsin doll maker Pleasant Company, for $700 million.
    August 31 1998
  • Hicks, Muse, Tate & Furst consults Weil Gotshal & Manges
    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.
    August 31 1998
  • Hong Kong lures investors with profits tax exemption
    To encourage businesses in Hong Kong to repatriate their funds from overseas, the Hong Kong Special Administrative Region government announced on June 22 1998 that interest on local bank deposits will be exempt from profits tax. This is good news to those companies with surplus cash. Several listed companies have responded positively to the announcement already, saying they will move their offshore bank deposits back to Hong Kong.
    August 31 1998
  • Morgan, Lewis and Bockius advises ABC
    American Bottling Company has acquired Beverage America and Select Beverage of the US. American Bottling Company is a joint venture between Cadbury Schweppes and the Carlyle Group.
    August 31 1998
  • GOVERNMENT RESOLUTIONS SUPPLEMENT NEW TAX LAWS
    As Russia continues to struggle with tax collection, a package of tax bills was presented to the Russian Duma in June. While some of the new laws were passed, the failure of the Duma to approve the entire package of laws before the summer recess resulted in the introduction of additional measures by government resolution. Some important recent additions and changes follow.
    August 31 1998
  • The Netherlands
    TAX LEGISLATION; TREATY DEVELOPMENTS; INTERNET TAXATION
    August 31 1998
  • TAX REFORM IN PROGRESS
    In March 1998, Argentina's Executive signed a tax reform proposal containing several provisions.
    August 31 1998
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