Number 1 - 2006 contains the following:
 

This article systematically addresses the issue of credit default swap characterization for the purposes of US federal taxation.

This article discusses the position of the prudential supervisory authorities with regard to the introduction of the new International Financial Reporting Standards with respect to solvency considerations of general insurance companies.

This article analyses the Italian tax treatment of cross-border stock lending arrangements and addresses the issues concerning the Italian tax consequences of these instruments after entry into force of the 2003 Italian corporate tax reform and the changes to the applicable legislation as effective as of 1 January 2006.

In a post-Enron world, many financing transactions have come under intense scrutiny from both regulators and shareholders, with the ensuing business climate concerned with achieving greater transparency and reliability of financial statements. Such transactions include debt restructuring and workouts. The present comparative survey intends to provide a comprehensive overview of the tax consequences of these transactions according to the domestic legislations of several jurisdictions.

With the Law dated 22 June 2005, the Belgian legislator introduced a tax deduction for risk capital. Belgian companies and Belgian branches of foreign companies will be allowed to deduct from their tax base a fictitious or notional amount of interest based on their adjusted equity capital. The present article is an expert and thorough treatise about this measure.