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  • The OECD's forum on tax administration said it will further develop a directory of aggressive tax planning strategies, examine the role of tax professionals from law and accounting firms in non-compliance, expand the 2004 corporate governance guidelines and improve the international tax training of officials to combat non-compliance. The forum met in Korea last week.
  • Sixth VAT Directive – Exemptions – Article 15(4)(a), (5) and (8) – Exemption for the chartering of sea-going vessels – Scope.
  • Sixth VAT Directive – Articles 17(7) and 29 – Right to deduct input VAT.
  • Failure to fulfil obligations – Infringement of Article 90 EC and Council Directive 83/182/EEC of 28 March 1983 on tax exemptions within the Community for certain means of transport temporarily imported into one member state from another – Temporary use in Greek territory of vehicles registered in another member state – Application of customs provisions applicable to vehicles originating in non-member countries.
  • Free movement of capital – Corporation tax – Exemption of rental income – Residence qualification – Charitable foundation governed by private law.
  • Sixth VAT Directive – Article 11A(1)(c) – Use of property forming part of the assets of a business for private purposes by a taxable person – Treatment of that use as a supply of services for consideration – Determination of the taxable amount – Definition of full cost to the taxable person of providing those services.
  • VAT – Supply and installation of an undersea fibre-optic cable between two member states separated by international waters – Classification of the taxable transaction – Place of that transaction.
  • VAT – Scope – Deposits paid, in the context of contracts relating to supplies of services subject to VAT, which are retained by the provider in the event of cancellation – Classification.
  • Freedom of establishment – Corporation tax – Different treatment of transfers to national and foreign parent companies – Cohesion of the tax system – Balanced allocation of the power to impose taxes.
  • Freedom of establishment – Law on controlled foreign companies (CFCs) – Inclusion of the profits of controlled foreign companies in the tax base of the parent company.