News Europe
Dutch Government Launches Consultation On Updated List Of Low-Tax Jurisdictions
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October 8th, 2019
The Dutch Ministry of Finance announced it has launched a public (Internet) consultation on the list of low-tax jurisdictions for 2020.
Background
French Government Issues Bill Pertaining To Corporate Taxation
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October 1st, 2019
The French government presented its draft Finance Law for 2020. It includes amendments regarding the scheduled reduction on corporate tax rates, which began in 2018 but was partially reversed for large companies for 2019.
The 2020 Dutch Budget And Tax Plan - Key Takeaways For Multinational Enterprises
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September 19th, 2019
Recently, the Dutch Budget for 2020 was presented, which includes the Tax Plan for 2020. The proposal aims to increase the perceived fairness of the Dutch corporate income tax system, whilst still keeping the Netherlands attractive as a place to do business.
EU Commission To Investigate 39 Belgium “Excess Profit” Tax Rulings For Potential State Aid Violations
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September 17th, 2019
The European Commission announced that it has opened 39 in-depth investigations to assess whether Belgian “excess profit” tax rulings granted to multinationals between 2005 and 2014 provided benefits that are contrary to EU State Aid rules.
Background .
European Fiscal Board Publishes Assessment Of EU Fiscal Rules
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September 13th, 2019
On 11 September 2019, the European Fiscal Board published an assessment of the current EU fiscal rules, asked by the President of the European Commission by a letter of 28 January 2019, with a particular focus on the six and two-pack legislation. The assessment includes a backward-looking part reviewing the effectiveness of the current set of EU fiscal rules and a forward-looking part with ideas on how the rules could evolve.
Ireland Pitches Updated Transfer Pricing Rule To Be Aligned With Latest OECD Guidelines
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September 6th, 2019
The Irish Department of Finance published a Feedback Statement to modify the transfer pricing rules applicable to businesses in Ireland. It summarizes the proposed updated TP legislation and provides a final short window to seek input from stakeholders.
Bulgaria Publishes Law for TP Documentation Requirements and Implementation of EU Tax Dispute Directive
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August 15th, 2019
Bulgaria introduced its law for Transfer Pricing documentation requirements and implementation of EU tax dispute directive which incorporated under the Tax and Social Security Procedure Code. The main amendments include: introduction of mandatory transfer pricing documentation requirements and implementation of the EU Tax Dispute Resolution Directive.
Switzerland To Lose Signicant Tax Revenue Due To International Tax Reforms
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July 23rd, 2019
Swiss Treasury claimed that the country could lose up to CHF10 billion of tax revenues which includes cantons and municipalities taxation. The lose caused by changes in corporate taxation rules to capture a larger share of taxes of multinationals based in tax-friendly destinations like Switzerland.
EU Advisory Body Proposes a Method To Allocate Residual Profits From Marketing Intangible
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July 19th, 2019
The EU Advisory Body has proposed a method to allocate residual profits from marketing intangibles with a four-factor formula as a way to adapt global tax rules for the digital age. The European Economic and Social Committee ( EESC ) adopted an opinion about taxation of the digital economy, noting that any changes on the allocation of taxing rights among countries should be coordinated globally, in order to harness the benefits of globalization.
French Parliament Approves The Reduction of Corporate Income Tax Rate
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July 16th, 2019
The French parliament approved legislation shifting the trajectory of the reduction in the corporate income tax rate that already enacted in the 2018 finance law.
Corporate income tax measures .
The UK to Adopt EU Double Taxation Dispute Resolution Regulations
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July 4th, 2019
UK HMRC has launched a technical consultation on the Draft Double Taxation Dispute Resolution (EU) Regulations 2019. The Regulations are for the implementation of Council Directive on tax dispute resolution mechanisms in the European Union.
Dutch Cabinet Submits New Bill Against Tax Avoidance
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July 4th, 2019
The Dutch government published a legislative proposal engaging rules to counter hybrid mismatches into the Dutch corporate income tax act pursuant to the EU Anti-Tax Avoidance Directive as agreed upon in May 2017 (ATAD2).
Implementation of ATAD2: Hybrid mismatches .
EU Notes Launch of New Tax Dispute Resolution Mechanism
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July 2nd, 2019
As from June 2019, new EU rules come into force to ensure that businesses and citizens can resolve disputes related to the interpretation of tax treaties more swiftly and effectively between the Member States, making daily life easier and offering much more tax certainty for businesses and individuals experiencing double taxation issues.
Resolution of tax disputes in the European Union .
Poland Releases Guidance On Transfer Pricing Comparability Analysis
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June 27th, 2019
The Polish Ministry of Finance issued an explanatory note addressing transfer pricing comparability analyses. This rule is binding the taxpayer to be used when the analysis performed to test whether transactions between related parties conducted until the end of 2018 are in line with the arms-length principle.
UK Files A Challenge To European Court To Overturn State Aid Finding On Tax Anti-Abuse Rules
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June 26th, 2019
The U.K. is fighting an order by European Union antitrust chief Margrethe Vestager to claw back allegedly illegal tax breaks from multinationals, adding to the list of potential EU flashpoints ahead of Brexit. According to the tribunals website, Britain filed a challenge with the EU General Court.
The Netherlands Consulting on New Tax Group Regime
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June 20th, 2019
The Netherlands Ministry of Finance has announced the launch of a public consultation on the design of a new corporate tax group (consolidation) regime to replace the current fiscal unity regime, which was recently amended by emergency repair measures as a result of compatibility issues with EU law.
Background .
ECOFIN Removes Dominica From EU Non-Cooperative List
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June 20th, 2019
The Economic and Financial Affairs (ECOFIN) Council decided to further amend the non-cooperative list by removing Dominica from the list.
Current Non-Cooperative Jurisdiction List
Ten EU States Considering German Plan For .2% Tax On Purchases Stock In EU Headquartered Companies
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June 18th, 2019
Financial transaction tax initiated by the German government was under siege, until the European Union finance ministers recently confirmed that the proposal close to be agreed as the minister has discussed the issue on the implementation of 0.2% tax on shares.
Background .
Protocol Signed To Amend The Tax Treaty Between The Netherlands And Switzerland
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June 13th, 2019
The Netherlands has signed a protocol to amend the old tax treaty between the Netherlands and Switzerland. New agreements have been made against tax avoidance.
The Netherlands Establishes Expert Commission To Examine How To Make Multinational Taxation More Fair
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June 13th, 2019
The Dutch government issued an inquiry on how to make multinationals pay their fair share of tax, after public criticism that the government reforms do not go far enough. The government plans to establish an expert commission to examine such cases.

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