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  • The policy making processes of the OECD committee of fiscal affairs can seem like a secretive world.
  • The use of entrepreneur and principal structures is becoming more popular in Latin America, but multinationals must watch out for the potential pitfalls.
  • The British energy group National Power has sold off two of its power stations for a combined value of £1 billion ($1.6 billion).The move comes as the group announced plans to demerge its British and international operations.
  • China tax specialist Michael Moser has moved from Baker & McKenzie to Freshfields. Moser, who was managing partner of Baker & McKenzie's China practice in Beijing, will move to the Freshfields office in Hong Kong.
  • The European telecommunications group Unisource has sold its French subsiduary SIRIS to Deutsche Telekom for £450 million.
  • The UK logistics and removal company NFC is selling its moving services business to the US investment firm Clayton, Dubilier & Rice. The firm will combine the business, which relocates 40,000 households every year, with its North American Van Lines company for $450 million in cash and stock.
  • KPMG has stunned the Mexican tax advice market by signing a cooperation agreement with tax firm Chevez, Ruiz, Zamarripa y Cia.
  • Comcast, the third-largest US cable operator, is merging with television operator Lenfest Communications (LCI) for $6.9 billion. Comcast will give 116 million shares of class A special common stock to LCI shareholders, and will take on $1.5 billion of LCI debt.
  • The debate over Mario Monti's tax package has been raging for months
  • Under an amendment to the Sweden-Japan tax treaty, no withholding tax will be imposed on dividends paid to a Swedish/Japanese company, as long as the beneficial owner holds at least 25% of the voting shares issued by the company in the other contracting state. Withholding tax can also be avoided if the shares issued by the beneficial owner are either: