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  • New Zealand’s Inland Revenue has just released its latest guidelines for transfer pricing. It is an area where taxpayers need all the help they can get. But some important departures from OECD guidelines mean that they will have to watch their step
  • Non-residents are set to benefit from changes to legislation which grant them exemption from tax on financial income. However, these new rules must be considered in conjunction with a close reading of existing laws. By Stefano Serbini of Freshfields, Milan
  • Information technology associations in India are hoping that the Ministry of Finance agrees to their demands for tax breaks in the forthcoming budget.
  • Ireland's minister for finance has published the Finance Bill. The following are some of the principle features relating to international tax.
  • Based on the France-Netherlands tax treaty, a French company was found not to have withheld tax from its royalty payments to a Dutch CV (Commanditaire Vennootschap, a type of silent partnership) whose partners were two Dutch BVs. The French tax administration argued that the treaty was not applicable because the Dutch CV is not subject to income tax, and therefore is not a resident of the Netherlands within the meaning of the tax treaty.
  • Following a recent decision, the Appeals Senate V of the Regional Fiscal Directory of Vienna, Lower Austria and Burgenland, submitted a request for a preliminary ruling to the European Court of Justice (ECJ). At issue is the taxation of dividends distributed by Austrian corporations as compared with dividend distributions of their non-Austrian counterparts.
  • More prosperous times for South Africa are reflected in a realistic budget that moves away from the ideological approach of the recent past. IP owners, however, may be in for a nasty shock. Peter Surtees of Deneys Reitz examines the significant changes
  • Reports from Russia indicate that the country’s long-awaited tax code reforms are near completion.
  • The governor of Tokyo, Shintaro Ishihara, has outraged Japan’s largest banks by introducing a 3% corporate tax on their activities in the capital.
  • Old Mutual will pay 670p for each Gerrard share, and intends to merge Gerrard's brokers, Greg Middleton, with its own stockbroking business, Caple Cure Sharp. The combined group will have UK client funds of more than £27 billion, while Old Mutual will secure a valuable UK banking licence.