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  • The application of the international financial reporting standards (IFRS) in Australia has a number of tax implications.
  • Some of the UK Finance Bill's anti-avoidance provisions against international arbitrage and excessive double tax relief transactions are widely targeted and poorly drafted, argue David Haworth and Helen Buchanan of Freshfields Bruckhaus Deringer
  • The 2005 South African Budget was not as dramatic in tax terms as some recent ones. However. it still contained a number of significant company tax proposals, explains Anne Bennett of Deloitte
  • The introduction of a notional interest deduction and 0% capital duty into Belgian tax law will boost the appeal of the country for international taxpayers, argue Kurt De Haen and Koen Cooreman of PricewaterhouseCoopers
  • SS Lazio, a soccer club in Italy's top division, has narrowly avoided bankruptcy by agreeing a last-minute deal with authorities over its €140 million ($181 million) tax debt.
  • The UN has set up a new body that will increase the organization's role in international tax issues. Its Economic and Social Council has passed a resolution to set up the Committee of Experts on International Cooperation in Tax Matters, which takes over the role of the UN's Ad Hoc Group of Experts on International Cooperation in Tax Matters.
  • European tax specialists have said that the opinion of the advocate-general in the Marks & Spencer (M&S) case at the European Court of Justice (ECJ) leaves many questions about the future of international taxation within the EU unanswered.
  • Suppliers to MG Rover have agreed a tax break on £120 million ($227 million) of components delivered to the failed UK carmaker. HM Revenue & Customs agreed to defer value-added tax charges on 300 of the car company's suppliers after MG Rover collapsed in April.
  • A favourable tax regime exists now for international investors in Spanish finance companies. For example, no withholding tax applies on the yields derived from the investment, explain José Ignacio Jiménez-Blanco and José Ma Cusí of Clifford Chance
  • Sed Crest speaks with Secretary-General Tjaco van den Hout regarding the role of the Permanent Court of Arbitration in The Hague as an alternative way to resolve international tax disputes