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  • In 1997, a number of high-profile tax advisers made a bid for professional independence by setting up their own tax boutiques. Can these firms survive without the support of a large law or accounting firm network? Phillippa Cannon reports
  • US carpet manufacturer Interface has bought the European carpet division of UK company Readicut International for $50.3 million. Readicut was advised by UK law firm Eversheds with tax advice from partner Richard Hutchinson in Leeds.
  • UK brewer Bass has disposed of Coral Bookmakers to fellow bookmakers Ladbrokes. The deal is worth approximately £375.5 million ($604 million). Bass was advised by tax partner Charles Hellier at Linklaters in London.
  • Directive 69/335/EEC — Contribution of immovable property.
  • Directive 69/335/EEC — Regional charge on vehicle registration certificates.
  • Directive 69/335/EEC — Registration charges on companies — Procedural time-limits under national law.
  • International business in New Zealand needs to sit up and take notice of new transfer pricing guidelines, issued in October 1997. The guidelines highlight pitfalls for the unwary in New Zealand’s legislation. By Christina Rich, Price Waterhouse, Auckland
  • Tax planning can be a decisive element in the success or failure of acquisitions in Latin America. Nicasio de Castillo, Alberto Lopez, Ramon Mullerat, New York and Manuel Solano, Mexico City, of Coopers & Lybrand advise on strategies to maximize bids
  • Federal-Mogul has made an agreed cash offer of $2.43 billion to acquire the UK group T&N. The combined group will be a leading global supplier of automotive parts with 42% of its revenue in North America, 44% in Europe and 14% in the rest of the world.
  • Publishing groups Reed Elsevier of the UK and Wolters Kluwer of the Netherlands have reached agreement to merge, in a £20 billion ($33 billion) deal. The combined market capitalization of the merged group will be £17.5 billion.