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  • At the forefront of tax policy development for intangible assets is the OECD’s Working Party No 6 and Michelle Levac, the group’s chairwoman, spoke exclusively to International Tax Review about how intangible assets are assessed and what difference, realistically, the new guidelines will make when they are finally published
  • While all taxpayers deal with intellectual property (IP), and the evaluation issues surrounding it for taxation purposes, some taxpayers place more value on it than others. Paul Morton, the head of tax for publishing house, Reed Elsevier, explains the practical day-to-day problems surrounding IP, when operating on a global scale
  • Type of Agreement Country Country Date Signed Double Tax Avoidance Agreement Australia India December 16 2011 Tax Information Exchange Agreement Seychelles Guernsey December 20 2011 Double Tax Avoidance Agreement Greece Canada December 22 2011 Double Tax Avoidance Agreement Greece Switzerland December 22 2011 Double Tax Avoidance Agreement Germany Taiwan December 28 2011 Double Tax Avoidance Agreement Switzerland Uruguay December 28 2011
  • The double tax treaty between Montenegro and Serbia, which was concluded in July 2011 for the elimination of double taxation, has entered into force and applicable from January 1 2012.
  • The long awaited Taxation Laws Amendment Bill 2011 (Bill) was released on October 25 2011. This introduces various amendments, which are relevant in respect of cross-border transactions.
  • China has underlined its determination to strengthen its anti-avoidance rules by concluding the country’s first thin capitalisation audit.
  • In December 2011, the 2012 Mexican tax package was published in the Official Gazette.
  • The Portuguese sovereign chaos led to the request for an emergency bailout package from the European Commission and the IMF in coordination with the European Central Bank. Rui Guedes Henriques and Lara Castro of Baker Tilly Portugal look at why VAT policy is crucial in this context.
  • Considering the existing status of the Montenegrin economy, with regards to unbalanced income and expenditure in the state budget, the Central Bank of Montenegro suggested that the existing VAT rate should be increased. Luckily, additional increases of any taxes, including the VAT, will not be implemented, according to the statements of government officials.
  • In today’s increasingly global business climate, intellectual property (IP) has become a major driver in corporate profits, both from an innovation point of view as well as from a global branding perspective. David Cordova, Arin Mitra, Andrew Newman, Keith Reams, Larry Shanda, and Alan Shapiro of Deloitte explain how taxpayers can navigate new obstacles in IP planning