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  • The growth in global e-commerce is giving tax authorities and taxpayers the world over some major issues to contend with. This article looks at the Indian response to the challenge. By Ajay Mehra and Rakesh Jariwal, Arthur Andersen, India
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  • Ned Maguire, an international tax partner with Deloitte & Touche in Washington DC, has been selected to serve for two years as a member of the government/industry technical advisory group (TAG) to the Committee on Fiscal Affairs of the OECD on the taxation of electronic commerce. The OECD Committee has been responsible for formulating and updating the OECD Model Income Tax Convention, and authoritative technical reports on transfer pricing and other international tax issues.
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  • Clifford Chance has recruited tax partner Thierry Blockerye from Pricewaterhouse-Coopers to establish and head up a tax practice in its Brussels office. Blockerye, who specializes in corporate, M&A and real estate tax law, joined the firm in June, bringing with him a team of assistants. Blockerye has worked at PricewaterhouseCoopers in Brussels since 1988, where he was made a partner in 1996. He has established a reputation in real estate tax in particular, and advises many Belgian and international institutional property investors and developers.
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  • KPMG has appointed Robert Aland as the midwest leader of the firm's Tax Controversy Services practice and a member of the firm's International Corporate Tax Services practice. Aland will be headquartered in KPMG's Chicago office. At KPMG, Aland will focus specifically on helping large multinational clients address the tax challenges inherent in today's increasingly complex tax environment. His areas of concentration at the firm will include tax controversy services and international tax matters.
  • Deloitte & Touche has made five prominent new hires across several practice groups in the US. Maurice Emmer joins Deloitte & Touche from Baker & McKenzie in Palo Alto as leader of the Global Earnings Management Initiative. This involves the discipline of cost sharing and the division of functions and risks among taxpayers to achieve an optimum tax result.
  • Tax laws on investment funds in some of Europe's most dominant economies could be in breach of European law, preventing the development of a regional market
  • Russia's lower house of parliament, the Duma, has approved the draft version of Chapter 25 (Profit Tax) of the Tax Code. As a result, Russia will probably abolish all tax incentives in favour of a significantly reduced tax rate (24%), thus simplifying its notoriously complex tax regime. According to Deloitte & Touche in Russia, the latest text of the draft suggests that companies that were previously granted certain regional tax incentives on the basis of an investment agreement may continue to apply these benefits until the agreement ends.