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  • The Finnish government has introduced bills amending the Taxation Act for the tax year 1999. The amendments are described below.
  • Which business entity should investors choose? How can profits be repatriated? Which expenses can be deducted? These and other questions are answered by John Fisher and Lorraine Chan of Coopers & Lybrand, Melbourne and Ho Chi Minh City
  • Central America is attracting investment attention; worldwide tax systems have almost been abolished and national tax treatment is on offer. By Miguel A Valdés and Nicolás Muñiz of Ernst & Young’s Latin America Business Centre, New York
  • The third part of our survey of oil and gas taxation, highlights substantial changes which have opened Venezuela’s energy industry to foreign investment, and which have given rise to new tax challenges. By Nelson Rincón, Deloitte & Touche, Caracas
  • Dean Yoost and Daisuke Miyajima, Coopers & Lybrand, Tokyo alert readers to a new area of focus for Japan’s National Tax Administration. Advice is offered on what to expect and on how to prepare the best defence strategies
  • Andersen poaches Coopers partnerships
  • Fink leaves Deloitte & Touche for investment bank
  • The St Petersburg legislative assembly is considering three draft laws that would provide tax incentives for foreign investors in the city. The draft laws propose state support of investment activity and tax concessions. An additional proposal calls for the establishment of a commission to help resolve investment conflicts. The commission would be composed of politicians and business representatives.
  • Reed Elsevier, the Anglo-Dutch publishing group, has agreed to purchase two businesses from California-based publisher Times Mirror. Reed Elsevier will acquire Matthew Bender and the 50% of Shepard's Company that it does not already own. The deal is valued at $1.65 billion and will create the second-largest legal publisher in the US.
  • Switzerland and Luxembourg have refused to give their assent to an OECD agreement on tax havens. The two governments abstained in a vote on the proposals at the OECD ministerial meeting in Paris in April this year.