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  • Investment partnerships or professional partnerships that do not register their business domicile will have to pay the municipal tax in the district corresponding to the domicile recorded before the IRS.
  • Spain recently enacted a new set of regulations clarifying the tax treatment of certain securities lending transactions. However, this new legislation is unclear and there are several issues open to interpretation, points out Miguel Baz of Lovells
  • Simon Briault speaks to corporate tax directors to investigate the pros and cons of increasingly long and complicated tax systems
  • New Zealand taxpayers have negotiated two significant advance pricing agreements (APAs) - one with Japan by a major produce exporter and one with the US by a leading manufacturer. According to Ernst & Young, which advised on both deals, the bilateral agreements are firsts for New Zealand with each jurisdiction, respectively.
  • Multinational companies with operations in the United Arab Emirates (UAE) could face higher tax bills after the country asked the IMF to help it to develop a value-added tax (VAT) system.
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  • Drew & Napier is one of the largest legal firms in Singapore.
  • The Dubai International Financial Centre (DIFC), an onshore financial free zone to complement the several free trade zones already existing in the United Arab Emirates, offers a 50-year tax holiday, 100% foreign ownership and unrestricted repatriation of profits and dividends. It is almost a year since the ruler of Dubai enacted the centre's first laws on September 19 2004.
  • Multinational companies with operations in the United Arab Emirates (UAE) could face higher tax bills after the country asked the IMF to help it to develop a value-added tax (VAT) system
  • Proposed services regulations and cost-sharing regulations are two of the projects that will interest corporate and international tax directors most in the 2005-2006 Priority Guidance Plan of the US Internal Revenue Service (IRS) and the Department of the Treasury, which was issued on August 8