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  • Directive 69/335/EEC – Indirect taxes on the raising of capital – Capital duty – Contribution of assets of any kind – Meaning – Payments made by the parent company of a company which has acquired dividend certificates issued by a capital company.
  • Directive 69/335/EEC – Indirect taxes on the raising of capital – Capital duty – Contribution of assets of any kind – Meaning – Acquisition by a non-member of dividend certificates issued by a capital company.
  • Failure by a member state to fulfil its obligations – Sixth VAT Directive – Money-off coupons – Taxable amount.
  • Harvey Pitt, the chairman of the SEC, said last week that the organization may exempt non-US accounting firms from supervision by the US accountancy regulator.
  • Ernst & Young partner joins White House Sunday, 13-Oct-02 00:00:00 GMT NewsInBrief 11261 An Ernst & Young partner has been named special assistant to the President for economic policy. Doug Badger joined the White House National Economic Council in early October.
  • Sullivan & Cromwell advises on eBay acquisition Sunday, 13-Oct-02 00:00:00 GMT NewsInBrief 11260 Sullivan & Cromwell has advised eBay on its acquisition of PayPal. eBay is an online auction site and PayPal a global payments platform. The deal was a stock-for-stock merger valued at around $1.5 billion. It closed on October 3. The Sullivan & Cromwell tax lawyers working on the deal included Bill Indoe and Melanie Fitzpatrick.
  • Tax managers must broaden their skills and develop cross-functional management skills and effective leadership behaviour.
  • Cleary Gottlieb advises on News Corp acquisition Sunday, 13-Oct-02 00:00:00 GMT NewsInBrief 11258 Cleary Gottlieb Steen & Hamilton has advised Vivendi Universal and Group Canal+ on the acquisition of their Italian pay-TV business Telepiù by News Corporation and Telecom Italia. The deal is worth €920 million ($907.1 million) including assumed debt of up to €450 million and a cash payment of €470 million.
  • Companies operating in Brazil have lost their battle to have a 90-day respite from the CPMF (provisory contribution on financial operations) transaction tax.
  • Meetings of the European economics and finance ministers last week failed to find a solution to the exchange of information problems threatening to kill the EC’s savings directive and tax reform package.