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  • Gide Loyrette Nouel intends to develop a tax capability in all its offices after the appointment of Anthony Davis as a partner in London. Davis moves from the London office of Cadwalader, Wickersham & Taft, where he was also a partner. He is Gide's first tax partner in London.
  • President Bush sent his budget request for fiscal year 2006 to the US Congress on February 7 2005. Simon Briault gets the reaction of corporate taxpayers and their advisers to the increase of $500 million for IRS enforcement activity
  • The tax reform plan for 2005 includes a tax increase for partners of a partnership, as follows.
  • In order to encourage investments in the Belgian audiovisual sector, the Belgian government has provided a favourable tax incentive. With its circular dated December 23 2004, the Belgian tax authorities have provided for further clarification on this tax incentive, which has become more and more popular with qualifying investors in Belgium.
  • Austria's landmark tax reform 2005 came into effect on January 1 2005. Introduced by the Tax Reform Act 2005 (Steuerreformgesetz 2005) and the Tax Amendment Act 2004 (Abgabenänd-erungsgesetz 2004), the tax reform 2005 has brought major changes in Austria's corporate income tax system and aims to increase the country's international competitiveness.
  • Putting together tax-effective private equity transactions in Europe can be complex. Some methods have been shown to work, explains Lars Jonsson of Linklaters
  • Many taxpayers need to change their Dutch conduit entities before December 31 2005 to comply with new Dutch corporate tax legislation, warns Jos Peters of the Rima Marlyn Tax Consultancy.
  • Legislation harmonizing its participation exemption rules with those in most European countries makes France an attractive jurisdiction for the establishment of a holding company, believe Isabelle Chauvet and Anne-Sophie Kerfant, of Shearman & Sterling
  • The Inland Revenue believes that the scope of tax legislation relating to offshore trusts is extraterritorial. Aileen Barry of DLA Piper Rudnick Gray Cary examines the basis of the claim and the action that should be taken
  • Among most recent decisions of the Supreme Administrative Court (SAC) in Poland, which is the highest tax court in Poland, one of them has a particular significance.