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  • 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
  • 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
  • The number of mutual agreement procedures (MAP) involving an advance pricing agreement (APA) in Japan has increased by 600% in the last decade.
  • 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.
  • VAT amnesty – Immunity from verification – Relationship between sums due and sums collected – Compatibility with the Sixth Directive.
  • Sixth Directive – VAT – Exempted transactions – Leasing or letting of immovable property – Property owned by the state.
  • 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.
  • Transfer Pricing Solutions, a UK-based boutique transfer pricing consultancy, has recruited Peter Male from Ernst & Young.