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  • In the first part of International Tax Review’s survey of oil and gas tax regimes, Vibe Amundsen and Ian Sutherland of Ernst & Young, Oslo and Calgary highlight essential information for investors in Norway and Canada
  • Steve Hasson of Price Waterhouse, London looks at the tax issues surrounding the set up and running of a management dream – shared service centres. Particular emphasis is given to the transfer pricing implications
  • The government of the Philippines, and the Ford Motor Company, are being challenged over the tax incentives awarded to the US company for building an operating a plant in the country's special economic zone.
  • On March 17 1998 the UK budget was unveiled following extensive consultation with corporate taxpayers. Freshfields’ International Tax Group examines how the budget will affect transfer pricing, controlled foreign companies and double tax relief
  • A meeting of Ecofin ministers held in March this year to discuss the post-monetary union financial environment will provide reports on the extent, degree and nature of cooperation between European finance ministers on tax policy.
  • A survey carried out by the KPMG International Tax Centre and published this month shows that corporate tax rates are almost universally down across the world.
  • Doublecapital, a joint venture formed by Advent Group and EMI, has agreed to buy Waterstones, the UK bookstore group owned by WH Smith. The deal is valued at £300 million ($490 million).
  • Union Planters, the largest bank in Memphis, Tennessee has made a successful bid to acquire Magna Group, in a $2.3 billion stock swap.
  • Joel Williamson and Gregory Barton of Mayer, Brown & Platt in Chicago, look at ten US tax cases handed down during 1997 with implications for international tax planning of which multinationals need to take note
  • Since Norway was last covered in International Tax Review (see International Tax Review March 1998, pg 48), an interesting amendment has been made to the statutory legislation in the field of international taxation.