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  • John Whiting has been appointed to the new role of tax policy director at the Chartered Institute of Taxation (CIOT ) in London.
  • India's interim budget failed to lower tax rates, despite the acting Finance Minister claiming that the rates 'must fall' to promote tax compliance in the country
  • The US economic stimulus package, which President Obama signed into law yesterday, includes the repeal of a controversial Internal Revenue Service (IRS) notice on tax losses, as well as significant renewable energy tax incentives
  • The European Court of Justice (ECJ) ruled in the Cobelfret case last Thursday that Belgium had not implemented article 4 (1) of the EU Parent-Subsidiary Directive properly
  • According to the explanatory statement of law number 9,430/96, which governs Brazilian transfer pricing rules, the lawmaker is focusing on avoiding tax evasion by means of undercharging exports or overcharging imports from a foreign related party
  • Uruguay has finally introduced guidelines on the application of transfer pricing rules, over two years after the laws were enacted.
  • VAT; Interpretation of Articles 2, 4, 13B(d)(5) and 17 of the Sixth Directive, and of Articles 2, 9, 135(1)(f), 168 and 169 of Directive 2006/112/EC; Disposal by a parent company of shares in a subsidiary and of its remaining holding in another company, for the purposes of group restructuring; Deductibility of VAT paid on supplies of services acquired by the parent company as part of the share disposal transactions.
  • The 2009 UK budget will take place on April 22, chancellor Alistair Darling has announced. The budget will be delivered after Parliament returns from its Easter recess and just two weeks after the UK hosts the G20 summit of world leaders.
  • Directive 90/435/EEC; Article 4(1); Direct effect; 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.
  • Sixth VAT Directive – Goods and services forming part of the assets of a business for use in taxable transactions and in transactions other than taxable transactions – Right to an immediate and full deduction of the tax paid in respect of the acquisition of such goods and services.