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  • Sir Michael Rake, KPMG's International's chairman, is to take over at BT, a UK telecoms company. Rake succeeds Sir Christopher Bland in September 2007.
  • 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.
  • Danish businesses have slammed draft tax reforms as too wide-ranging, saying that they will hurt attempts to boost the economy.
  • 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.
  • 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 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.
  • Marks & Spencer won't be taking their loss relief action back to the European Court of Justice (ECJ).
  • 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;
  • 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.