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  • PwC analyses the regulation of transfer pricing in key European markets
  • Mayer Brown has promoted four lawyers to the partnership in its corporate tax practice. Brian Trauman, in New York, and Nicole Reuling, in Washington DC, specialise in tax controversy. Another DC partner, Rafic Barrage, is a tax transactions lawyer and Sandy Bhogal in London advises on general corporate tax issues including transactions and planning
  • The Democratic Alliance, a South African opposition group, has called on the government to bring corporate taxes into line with the country's 'emerging and upper-middle income' competitors and adopt the best international practices for the administration of corporate tax and VAT.
  • Politicians and tax professionals say ambitious tax reform proposals from the US House of Representatives would be bad for US business and will never become law
  • James Gatley, of KPMG in Toronto analyses the recent Hallmark Cards ruling
  • The number of mutual agreement procedures (MAP) involving an advance pricing agreement (APA) in Japan has increased by 600% in the last decade.
  • The Canada Revenue Agency (CRA) recently released its 2006 annual report on Canada's advance pricing arrangement (APA) programme. The report covers the fiscal period ended March 31 2006
  • Structural Funds – Regulation (EEC) No 4253/88 – Second subparagraph of Article 21(3) – Prohibition of deduction – Calculation of taxable income – Taking account of Community grants received.
  • Article 56(1) EC – Directive 69/335/EEC – Article 12(1)(a) and (c) – Exception to the prohibition on double taxation of contributions of capital – Contribution of capital in the form of shares to a company established in another member state – Exchange of shares – Capital transfer tax.
  • Sixth VAT Directive – Article 15(2) – Exemption for export supplies – Supplier acting with due commercial care – Fraudulent conduct by a third party – Falsified proof of export.