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  • The OECD's list of 35 tax havens and a potential 47 more that are "potentially harmful" has elicited a strong response from some jurisdictions, while Bermuda, the Cayman Islands, Cyprus, Malta, Mauritius and San Marino have escaped the list by making advance commitments to eliminate harmful tax practices.
  • The Asia-Pacific region is fast catching up with the EU and US with its e-business initiatives. But each country sets its own pace – one jurisdiction's response may be very different from its neighbour's. By Colin Farrell and Alex Yuen, PricewaterhouseCoopers, Hong Kong
  • The UK government last month confirmed that it will proceed with the measures announced in the budget to deliver its twin objectives of tackling tax avoidance while also maintaining the attractiveness and competitiveness of the UK as a place to do business. This means that budget measures to stop the avoidance of UK tax through controlled foreign companies (CFCs) will be legislated as announced.
  • Freshfields and Bruckhaus Westrick Heller Lober are to merge on August 1. The merged firm will be known as Freshfields Bruckhaus Deringer, and will combine Freshfields' international experience and local practices around the world with Bruckhaus' corporate and financial practice in Germany, Austria and central Europe.
  • Despite a buoyant domestic economy, Turkey's double-digit inflation and soaring interest rates previously deterred potential market entrants. A new policy package aims to change all that. Ibrahim Tutar of PricewaterhouseCoopers, Istanbul reviews the incentives
  • The Océ Van der Grinten case reopens the debate on the interaction of the EU Parent-Subsidiary Directive with the UK-Netherlands double tax treaty. Sabina Comis and Eelco van der Stok, from Freshfields London and Amsterdam, discuss the case and its implications
  • PricewaterhouseCoopers (PwC) is to launch a portal that will transform the entire organisation into an e-business and provide a sophisticated workspace for clients and staff alike.
  • The Vodafone Airtouch Group has sold Orange to France Telecom for £25.1 billion ($37.9 billion). The deal will be settled by a cash payment of £13.8 billion and the issue to Vodafone of 129.2 million France Telecom shares valued at £11.3 billion.
  • Lucent Technologies has bought optical networking company Chromatis Networks for $4.5 billion. The acquisition of Chromatis will enable Lucent to bring the bandwidth-expanding power of optical technology directly to its business customers.