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  • The European Commission has approved the UK's film tax relief scheme as a legitimate state aid
  • Belgium and the US signed a new income tax treaty and protocol in Brussels on November 27. Features of the new agreement include the elimination of source-country withholding tax on dividends arising from certain direct investments and on dividends paid to pension funds, mandatory arbitration for certain dispute that the competent authorities cannot resolve within a specified period of time, measures against treaty shopping and improved exchange of information provisions
  • Securities and accounting regulators have surrendered to pressure for a more flexible interpretation of Section 404 of the Sarbanes-Oxley (SOX) legislation.
  • Liesl Fichardt and Mitchell Moss, who have worked on some of the key UK tax cases that have reached the European Court of Justice as part of Dorsey & Whitney trials group in London, have become partners of the firm
  • Robert Kirkby, a senior tax manager for PricewaterhouseCoopers, will become technical director of Jersey Finance, the organisation that represents the island's finance industry and promotes Jersey as an international financial services centre, in February 2007
  • The European Court of Justice (ECJ) has ruled that a member state can tax dividend income from a company established in another member state at the same rate as it taxes dividends from companies established in its own country without allowing for a tax deduction available in the other country
  • Worries that securities tax breaks might be cut were behind the weakness of the Japanese shares recently, Taizo Nishimuro, the head of the Tokyo Stock Exchange, told a news conference on November 20
  • UK corporate taxpayers will soon be able to find out the tax consequences of a transaction before the deal goes through, as a result of a proposal in the Varney Review
  • PricewaterhouseCoopers took the top award at International Tax Review's Asia Tax Awards in Hong Kong on November 15
  • US taxpayers are in a spin as they attempt to comply with the Accounting for Uncertainty in Income Taxes rules by the December 15 deadline