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  • Patrick Walker and Toby O'Reilly from PricewaterhouseCoopers reflect on the impact of EU enlargement for indirect taxes
  • Andrzej Puncewicz and Pawel Tonski, manager, at Accreo Taxand in Poland investigate the tax benefits for investors in the Polish real estate market
  • The Vietnamese government has announced it is cutting corporate income tax (CIT) from 28% to 25%. The move is designed to attract inward investment.
  • Michel Collet CMS Bureau Francis Lefebvre has appointed five new partners, bringing the total number of partners to 86. Two of the new partners specialise in tax.
  • Venezuela has reduced its value added tax for the second time this year. In March the rate was reduced to 11% from 14% and on July 1, it fell again by two percentage points, to 9%, making it the lowest in Latin America.
  • The revenue generated by tax authorities across Europe has begun to rise again. New figures published by Eurostat, the EU's statistical agency show.
  • Neil Wilson The release of the law administration practice statement PS LA 2007/8 by the Australian Taxation Office (ATO) will be of interest to companies with captive insurance arrangements. A number of new non-resident captive insurance arrangements have been established since the relaxation of the related party transaction provisions in the controlled foreign company rules from July 1 2004.
  • Peter Dachs In the Budget presentation in February the main tax proposals included replacing secondary tax on companies (STC) with a dividend tax and treating the sale of shares held for more than three years as capital gains.
  • Suzanne Boers More than a year ago, the Dutch legislature announced that a new investment fund regime would be introduced in the Netherlands (as previously mentioned in the update of April 2006). Recently, there has been made great progress in the legislative process of this new exempt investment fund regime.
  • By Brian Cody (US), Tony Gorgas (Australia), Alexander Loh (Germany) and Ron Simkover (Canada)