''ITR'', previously known as ''International Tax Review'', is a

business-to-business Business-to-business (B2B or, in some countries, BtoB) is a situation where one business makes a commercial transaction with another. This typically occurs when: * A business is sourcing materials for their production process for output (e.g., a ...

publication focused on news analysis of

tax policy Tax policy includes the guidelines developed by a government regarding how taxes are imposed, in what amounts, and on whom. It has both microeconomic and macroeconomic aspects. The macroeconomic aspect concerns the overall quantity of taxes to ...

and

tax advice A tax advisor or tax consultant is a person with advanced training and knowledge of tax law. The services of a tax advisor are usually retained in order to minimize taxation while remaining compliant with the law in complicated financial situations. ...

from around the world. This remit includes

transfer pricing In taxation and accounting, transfer pricing refers to the rules and methods for pricing transactions within and between enterprises under common ownership or control. Because of the potential for cross-border controlled transactions to distort ...

corporate tax A corporate tax, also called corporation tax or company tax, is a direct tax imposed on the income or capital of corporations or analogous legal entities. Many countries impose such taxes at the national level, and a similar tax may be imposed at ...

and

indirect tax An indirect tax (such as sales tax, per unit tax, value added tax (VAT), or goods and services tax (GST), excise, consumption tax, tariff) is a tax that is levied upon goods and services before they reach the customer who ultimately pays the i ...

, particularly

VAT A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the en ...

and

sales tax A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase. When a tax on goods or services is paid to a govern ...

. The magazine provides in-depth and strategic coverage of policy developments at the EU and the

OECD The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate e ...

, particularly the latter's BEPS project.

History and content

''International Tax Review'' was launched in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

in November 1989 to cater to the tax services industry, publishing academic papers and covering court judgments on tax law. Over the years ''ITR'' has interviewed numerous politicians, including European commissioners

Margrethe Vestager Margrethe Vestager (; born 13 April 1968) is a Danish politician currently serving as Executive Vice President of the European Commission for A Europe Fit for the Digital Age since December 2019 and European Commissioner for Competition since ...

and

Pierre Moscovici Pierre Moscovici (, ; born 16 September 1957) is a French politician who served as the European Commissioner for Economic and Financial Affairs, Taxation and Customs from 2014 to 2019. He previously served as Minister of Finance from 2012 to 20 ...

, as well as top tax professionals from companies such as Philip Morris,

Microsoft Microsoft Corporation is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washing ...

and

Johnson & Johnson Johnson & Johnson (J&J) is an American multinational corporation founded in 1886 that develops medical devices, pharmaceuticals, and consumer packaged goods. Its common stock is a component of the Dow Jones Industrial Average and the company i ...

. ITR follows the debate on

tax avoidance Tax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable by means that are within the law. A tax shelter is one type of tax avoidance, and tax havens are jurisdict ...

, inequality and wealth distribution, often reporting on the

Tax Justice Network The Tax Justice Network (or TJN) is an advocacy group consisting of a coalition of researchers and activists with a shared concern about tax avoidance, tax competition, and tax havens. Empirical results The TJN has reported on the OECD Base er ...

and scandals like the Paradise Papers. In one case, ITR covered a debate at the

between low-tax advocate

Arthur Laffer Arthur Betz Laffer (; born August 14, 1940) is an American economist and author who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory Board (1981–1989). Laffer is best known for the Laf ...

and tax campaigner Richard Murphy on the impact of

tax competition Tax competition, a form of regulatory competition, exists when governments use reductions in fiscal burdens to encourage the inflow of productive resources or to discourage the exodus of those resources. Often, this means a governmental strategy ...

, whether it is possible to regulate tax competition and what such a regulatory framework would look like.

Range

Since the early 2000s, ITR has regularly organised conferences like the Global Transfer Pricing Forum, Women in Tax and the Indirect Tax Forum. At the same time, the magazine has published the World Tax Guide in which it rates law and accounting firms. This includes firms like

Deloitte Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of profession ...

, EY,

PwC PricewaterhouseCoopers is an international professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world and is considered one of the Big Four accounting ...

and

KPMG KPMG International Limited (or simply KPMG) is a multinational professional services network, and one of the Big Four accounting organizations. Headquartered in Amstelveen, Netherlands, although incorporated in London, England, KPMG is a net ...

Awards

ITR's awards program recognizes leading tax and transfer pricing firms. The group hosts three award ceremonies annually, recognizing the best work carried out in the Asia-Pacific, EMEA and Americas regions. In 2020,

was announced as the biggest winner across the Americas.

TP Week

ITR launched a sister publication called Transfer Pricing Week (later renamed TP Week) in 2007 to provide specialist coverage of international tax matters and policy, particularly issues like the

arm’s length principle The arm's length principle (ALP) is the condition or the fact that the parties of a transaction are independent and on an equal footing. Such a transaction is known as an "arm's-length transaction". It is used specifically in contract law to ar ...

and controversies around EU state aid law. The publication ran until August 2019 when TP Week was wound up and the two platforms were merged into one.

Ownership

As part of the Legal Media Group (LMG), ITR is published by

Euromoney Institutional Investor Euromoney Institutional Investor PLC is one of Europe's largest business and financial information companies which has interests in business and financial publishing and event organization. It was listed on the London Stock Exchange and was a c ...

, one of the biggest finance and business publishing companies in Europe. Euromoney is a

FTSE 250 The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, Septemb ...

company and was owned by the Daily Mail and General Trust Group until it was spun-off in 2019.

References

{{Reflist

External links

ITR Website
Magazines established in 1989 Accounting magazines Business-to-business Business magazines published in the United Kingdom International taxation Professional and trade magazines 1989 establishments in the United Kingdom Magazines published in London