Europe
European Commission
Americas
Council of the European Union
Europe
France’s withholding tax on dividends paid to EU subsidiaries violates EU law, Commission says
The EU Commission today notified France that it considers France’s withholding tax on dividends paid to subsidiaries located in other EU States or European Economic Area (EEA) Members States to be contrary EU law. The Commission said . . .
Europe
Europe
EU scrutinizing Luxembourg tax rulings on intercompany convertible loans for state aid
The European Commission today made it clear that it is not bowing to political pressure to halt its investigation into EU states that grant private tax deals to multinationals, announcing a probe into Luxembourg tax rulings granted to French energy company Engie, formally . . .
Europe
EU countries strike deal on anti-tax avoidance directive aimed at multinationals
The European Union has reached political agreement on a directive designed to combat multinational corporation tax avoidance, with all 28 countries signing on. . .
Americas
Americas
Europe
EU Parliament approves public country-by-country for multinationals
Today, the EU Parliament approved a proposal for a directive of the European Parliament and of the Council amending Directive 2013/34/EU as regards the disclosure of income tax information by certain undertakings and branches, writes Davide Anghileri of the University of Lausanne . . .
Europe
Europe
EU publishes CCTB, CCCTB, ATAD II directives proposing major tax reform for multinationals
Paulus Merks, Jian-Cheng Ku, and Jesse Peeters of DLA Piper, Amsterdam, discuss today’s release by the EU Commission of three tax directives, the CCTB, CCCTB, and ATAD II, which will potentially have a significant impact on multinationals operating in the European Union . . .
Europe
EU Parliament approves anti-tax avoidance measure
The European Parliament on Wednesday approved the EU Commission’s proposal for an anti-tax avoidance directive aimed at multinational corporations, but said that stricter rules should be applied . . .
Europe
Americas
Americas
Europe
EU Commission proposes to speed resolution of double tax disputes
The EU Commission has today released a proposed directive designed to strengthen existing mechanisms to resolve tax disputes between EU countries that result in double . . .
Council of the EU
EU ministers still can’t agree on anti-tax avoidance directive targeting multinationals
EU finance ministers at a June 17 ECOFIN meeting were again unable to reach political agreement on an anti-tax avoidance directive aimed at multinational corporations . . .
Belgium
EU Commission publishes decision concluding Belgium’s excess profits tax scheme is State aid
The EU Commission today published a non-confidential version of its decision that Belgium’s excess profits tax scheme is illegal under EU State aid rules. The Commission’s decision, first announced in a press release last . . .
Belgium
Bulgaria
Americas
EU Commission publishes decision to open McDonald’s state aid case on tax ruling
The European Commission on June 7 published the non-confidential version of its decision to open a State aid investigation into whether a tax ruling granted by Luxembourg to McDonald’s may have granted . . .
Europe
EU Commission paper addresses application of State aid rules to tax laws, rulings, and settlements
The EU Commission has issued a paper outlining its position on when a Member State’s laws and practices run afoul of EU restrictions on State aid, including when national tax laws, tax rulings, and tax settlements . . .
Europe
Europe
Europe
Council of the EU
EU ministers unable to agree on multinational anti-tax avoidance rules, compromise plan offered
EU finance ministers at a meeting of the ECOFIN today failed to reach agreement on the EU Commission’s proposed anti-tax avoidance directive, though officials remained optimistic that a compromise agreement can . . .
Americas
Europe
Starbucks State aid decision published by EU Commission
The EU Commission today published a non-confidential version of its decision concluding that an advance pricing agreement (APA) granted to a Starbucks subsidiary by the Netherlands is illegal State aid and ordering recovery of the . . .
Europe
Americas
Americas
Ireland granted Apple illegal state aid through tax rulings sanctioning stateless income, EU says
The European Commission on August 30 announced it has concluded that Ireland granted Apple about €13 billion (USD 14.5 billion) in illegal state aid by issuing tax rulings to the company that inappropriately lowered its tax liability in 2003–2014. To restore fair competition, Apple must repay the aid to plus interest, the Commission said. The determination comes after a two year investigation . . .
More:
Apple CEO calls state aid decision “political crap”: Los Angeles Times→
Obama to address Apple decision at G20: AP→
Irish Cabinet agrees to appeal Apple decision: RTE News→
Europe
Leaked EU anti-tax avoidance directive includes interest deduction limits, GAAR, exit tax
A proposed EU anti-tax avoidance directive, to be presented this month by the European Commission, will include rules limiting interest deductibility, a general antiabuse rule (GAAR), controlled foreign company rules, hybrid mismatch . . .
Europe
Europe
Belgium
EU court denies Belgium’s request to suspend State aid decision on excess profit tax ruling regime
The EU General Court of Justice on July 19 dismissed Belgium’s application to temporarily suspend an EU Commission decision that concludes that Belgium’s excess profits tax ruling system granted illegal State aid . . .
Europe
Europe
Europe
