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  • Prohibition of Belgian residents from acquiring Eurobonds issued by the Kingdom of Belgium on the Eurobond market – Article 73b of the EC Treaty (now Article 56 EC).
  • Freedom of establishment – Tax legislation law – Direct taxes – Deduction of business losses – Previous tax year.
  • Harmonisation of tax laws – Parent companies and subsidiaries – Exemption, in the member state of the subsidiary, from withholding tax on profits distributed by the subsidiary to the parent company.
  • The proposed merger will be achieved via a cash and share offer by an AMEC group company valuing AGRA at C$514 million ($341 million). If the deal closes, the merger will create a leading international group providing design services, applied technology and project delivery to the global engineering, construction and environmental industries. Combined revenue will be approximately C$8.8 billion from continuing operations.
  • John Power of Deloitte Touche Tohmatsu's London office advised Compass on UK and international tax issues. Francis Sandison and Tim Crosley of Freshfields also provided international tax advice.
  • A question mark hangs over the future of UK stamp duty as part of the fall-out from the planned merger of the London and Frankfurt stock exchanges
  • Luminar turned to Andrew Sheach of CMS Cameron McKenna for tax advice. Northern Leisure consulted Ashurst Morris Crisp, where partners David Macfarlane, Nigel Stacey and Nigel Ward led the advisory team.
  • The Ukraine Cabinet of Ministers has published its official list of offshore jurisdictions subject to a restriction on expense deductions.
  • The agreement with Champion, a forest products company operating in the US, Brazil and Canada, went ahead following the withdrawal from the bidding of Finland's UPM-Kymmene. International Paper will purchase Champion for $75 per share in cash and stock in an offer valued at $7.3 billion, excluding $2.3 billion in net debt. The total purchase price would be paid with $50 in cash and $25 in stock.