AG of ECJ issued his opinion in Aberdeen Property Fininvest Alpha, according to which no withholding tax should apply to dividends to a EU company (in the case, a Luxembourg investment fund SICAV) if no similar tax applies to a domestic dividend
2008
ECJ Ruled That Restriction to Tax-Free Treatment of Cross-Border Transfer of Shares is Illegal
By Marco Rossi on
The European Court of Justice with its decision in case C-285/07 held that the double carryover basis requirement imposed under German law to accord tax free treatment to the shareholders of the target corporation in a EU cross-border transfer of shares violates the EU mergers directive and EC law.…
Italy’s Tax Administration Rules on Cross-Border Tax Free Mergers
By Marco Rossi on
With ruling n. 470/E of December 3, 2008 Italy’s tax authority extended non recognition treatment to a merger falling outside the scope of the EU mergers directive, facilitating the possibility to carry out cross-border reorganization involving Italian assets or Italian companies without immediate recognition of gain.…
Italy’s Tax Administration Rules on Change of Tax Residency During a Tax Year
By Marco Rossi on
Italy’s Tax Administration rules that an individual who leaves Italy and moves to a foreign country in the second half of the year remains resident in Italy for tax purposes until the last day of the year…
ECJ Ruled That Restrictions to Tax Consolidation Violate EC Treaty
By Marco Rossi on
European Court of Justice in Société Papillon (C-418/07) ruled that French national laws that limit access to tax consolidation in EU cross-border situations violate the EC Treaty. The ruling offers taxpayers opportunities to claim access to consolidation at the EU level every-time that such option is granted at domestic level and to offset losses and profits of the EU members of a consolidated group.…