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  • Gordon Brown will deliver his 11th budget as UK Chancellor of the Exchequer on Wednesday March 21.
  • Discussion concerning the increase in the minimum wage and accompanying tax relief for small businesses has reached fever pitch in the US Congress.
  • The European Commission president and the finance ministers of Germany, France and Portugal will speak at an event on taxation and sustainable development in Brussels on March 19 and 20.
  • Danish businesses have slammed draft tax reforms as too wide-ranging, saying that they will hurt attempts to boost the economy.
  • Marks & Spencer won't be taking their loss relief action back to the European Court of Justice (ECJ).
  • Following a probe into an income trust scandal dating back to 2005, police have charged a senior Finance Department tax official with criminal breach of trust.
  • The February 14 settlement between Merck and the IRS is the second multi-billion dollar resolution of a federal tax dispute in America in recent months.
  • section 56A of the Taxes Management Act 1970; relief for trading losses and other amounts eligible for relief from corporation tax; the surrendering company; the claimant company, a preliminary ruling under article 234 of the EC Treaty; subsidiary had no possibility of using the losses for tax relief in its own jurisdiction;
  • Stephen LaSala will become vice president and general tax counsel of Exxon Mobil on April 1, taking over Paul Sullivan, who is retiring after 37 years with the company. LaSala moves up from his position as associate general tax counsel
  • Tax provisions – Harmonisation of laws – Turnover tax – Common system of value added tax – Refund of the tax to taxable persons not established in Community territory – Operator established in a third state which is a member of the World Trade Organisation – Most-favoured-nation clause contained in the General Agreement on Trade in Services – Interpretation of Article 2(2) of Directive 86/560/EEC in a manner compatible with that clause.