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Bulgaria's VAT revenue fell by 38% in April compared to the same time last year, the country's ministry of finance has revealed

Article 104(3), first subparagraph, of the Rules of Procedure – Articles 43 EC and 56 EC – Directive 90/435/EEC – Article 4(1) – National legislation designed to prevent double taxation of distributed profits – Deduction of the amount of dividends received from a parent company's basis of assessment only in so far as it has made taxable profits.

The Isle of Man is set to move to automatic exchange of information within the EU in its application of the EU savings tax directive.

Sixth VAT Directive; Second and fourth subparagraphs of Article 4(5); Option of member states to consider activities of bodies governed by public law exempted under Article 13 and Article 28 of the Sixth Directive as activities of public authorities; Rules governing exercise of that option; Right to deduct; Significant distortions of competition.

The Australian government has proposed allowing certain managed investment trusts to apply capital gains tax (CGT) to apply to gains or losses from the disposal by a trust of shares, units and property.

Bankruptcy is a trying time for any company. For a business as large and as complex as Lehman Brothers, the process was and continues to be nothing short of traumatic. Working through the tax implications is a significant part of the work.

Mergers and acquisitions, currency fluctuations, national budgets, tough competition: these are just some of the topics that have been entertaining Europe's most admired tax directors this year. Add to the list everyone's favourite subject of the last 12 months, the recession, and you have the recipe for a challenged and hectic tax department overseen by an equally burdened tax director.

A preliminary ruling from the European Court of Justice has held that the transfer of insurance policies does not qualify as an insurance transaction and so should not be VAT exempt.

Germany's lower house of parliament has proposed that taxpayers should receive temporary relief from an increase in the interest deduction limitation to taxpayers.

The IRS has won its appeal in the US Court of Appeals for the Ninth Circuit in a case covering the inclusion of stock-based compensation in the charges for a cost sharing agreement.