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  • The governments of the US and Bulgaria announced on April 21 that they plan to begin negotiating a bilateral income tax treaty. The first round of negotiations is scheduled to begin later this year. If agreed, the treaty would be the first ever between the two countries.
  • Baker & McKenzie announced last week on April 21 2005, that tax partner Beth Williams has joined its Palo Alto office from Ernst & Young
  • China's State Administration of Taxation has released a number of notices bringing together the tax rebate (exemption) rules
  • South Korea's National Tax Service (NTS) has launched tax evasion investigations into at least two foreign private equity funds, prompting concerns about a widespread clampdown on foreign investors
  • Political campaigning in the run-up to the UK general election, to be held next week on May 5 2005, is fierce. But ITR Week finds that there is little to distinguish between the three main political parties on corporate and international tax
  • Corporate income tax regulations are close to change in Russia after a powerful parliamentary body approved new amendments to the tax code
  • 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
  • Turnover tax – Common system of value added tax – Article 17 of Sixth Directive 77/388/EEC – Deduction of input tax – Amendment of national legislation – Retroactive effect – Principles of the protection of legitimate expectations and legal certainty.
  • The main issue in dispute between the taxpayer company, a life assurance company, and the Inland Revenue, was how double tax relief is calculated where the receipt that has been subject to overseas tax is included in trading profits taxed on schedule D-case I principles
  • The United Nation's Economic and Social Council has passed a resolution to set up a new international tax body