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  • The Bahamas will sign nine new tax information exchange agreements (TIEAs) before March 12 to comply with the OECD requirements and avoid economic sanctions.
  • The US Tax Court has stepped into the void of legal authority on guaranty fees by ruling in Container Corporation v Commissioner of Internal Revenue that they are sourced to the guarantor's location for tax purposes.
  • Tax authorities are targeting more foreign banks that help Americans evade their taxes
  • The Court of Appeal in London handed HM Revenue and Customs (HMRC) a big win in the Test Claimants in the Franked Investment Income Group Litigation Order (FII GLO) on February 23.
  • Representative Richard Neal came to the Tax Council Policy Institute's 11th annual symposium prepared to answer tough questions.
  • Type of Agreement Country Country Date Signed Link Double Taxation Agreement Japan Kuwait February 17 2010 Tax Information Exchange Agreement Andorra Denmark February 24 2010 Link Tax Information Exchange Agreement Andorra Faroe Islands February 24 2010 Link Tax Information Exchange Agreement Andorra Finland February 24 2010 Link Tax Information Exchange Agreement Andorra Greenland February 24 2010 Link Tax Information Exchange Agreement Andorra Iceland February 24 2010 Link Tax Information Exchange Agreement Andorra Norway February 24 2010 Link Tax Information Exchange Agreement Andorra Sweden February 24 2010 Link Tax Information Exchange Agreement Mexico Panama February 24 2010 Tax Information Exchange Agreement Mexico Bahamas February 24 2010 Amended Tax Treaty Australia Malaysia February 24 2010
  • India's finance minister has today finally confirmed that the country's new goods and service tax will be not be implemented in April this year.
  • The Italian Revenue Agency has released a circular confirming the extension of Italy's tax amnesty until the end of April.
  • A tax partner has been appointed as head of tax policy for KPMG in the UK.
  • In its latest economic survey of Chile, the OECD praised the government's introduction of a research and development tax credit for the private sector that requires the participation of research institutes external to the company seeking the credit.
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