News

September 11, 2018

Advocate General at CJEU: VAT recovery limitation when preparing sale of a participation

On September 6, 2018, Advocate General Kokott (hereinafter: AG Kokott or AG) at the Court of Justice of the European Union (hereinafter: CJEU) issued her Opinion in the C&D Foods case (C-502/17). The case concerns the recovery of VAT on professional expenses for a proposed but ultimately unrealized sale of shares. 

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August 22, 2018

International Tax Newsletter - July 2018

Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC and MENASA region.

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July 18, 2018

OECD discussion draft on the transfer pricing of financial transactions

On July 3, 2018, the OECD published a discussion draft on the transfer pricing of financial transactions (hereinafter referred to as “discussion draft”).

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July 13, 2018

Important changes to sector classification effective immediately

On Friday, June 29, 2018, the Cabinet approved the Labor Market Improved Equilibrium Act (‘Wet arbeidsmarkt in balans’; WAB). Under this Act, sector-specific unemployment contributions will be replaced as of 2020 by contributions differentiated according to the type of employment contract. 

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June 28, 2018

Assessment of early retirement scheme on the basis of objective criteria

On Friday June 22, 2018, the Supreme Court rendered judgment as to whether a severance package should be regarded as an early retirement scheme ('regeling voor vervroegde uittreding', hereinafter: RVU). An RVU is a scheme whose sole or almost sole purpose is to provide for one or more benefits to bridge the period between the end of employment and retirement or an earlier pension date. 

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June 27, 2018

Facilitated Customs Arrangement: Does it work and at what price?

On July 12, 2018 UK Prime Minister Theresa May has published the long awaited Brexit White Paper. It is a comprehensive and ambitious plan which aims on the one hand to preserve a frictionless trade between the UK and EU and to resolve the Irish border issue, but also to achieve a UK independent trade policy, where the UK is able to conclude its own free trade agreements with third countries such as the USA. Read more

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June 22, 2018

International Tax Newsletter - May 2018

Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC and MENASA region.

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June 21, 2018

EU Commission opens in-depth State aid investigation into tax treatment of GDF Suez (Engie) by Luxembourg

On September 19, 2016 the EU Commission announced that it was opening an in-depth investigation into tax rulings granted by Luxembourg to GDF Suez (see press release). The EU Commission considers that these rulings might have given an unfair advantage to GDF Suez in violation of EU State aid rules and has decided to initiate a formal investigation procedure, in order to validate its preliminary view. 

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June 21, 2018

European Commission State aid decision in the GDF Suez (Engie) case

On June 20, 2018, the European Commission announced its final decision on the state aid investigations into tax rulings granted by the Luxembourg tax authorities to GDF Suez (Engie) (see the EU Commission’s press release). 

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June 13, 2018

No longer advance certainty for a standard securitization transaction intended to finance the originator

Up until now, the Financial Institutions Department of the Amsterdam tax office upon request always provided advance certainty for a ‘standard’ securitization transaction intended to finance the originator (for example an RMBS transaction).

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June 7, 2018

FS Tax Newsletter Issue 34 | June 2018

This issue of our FS Tax Newsletter contains event summaries of two of our recent seminars, as well as recent developments within the Financial Services sector.

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June 7, 2018

Bill with emergency remedial measures

On February 22, 2018, the Court of Justice of the European Union (‘CJEU’) rendered judgment on the per element approach in the context of the Dutch fiscal unity regime for corporate income tax purposes (see our previous memorandum). 

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