On June 30, 2016 the Ministry of Finance of Cyprus issued a press release announcing that on June 29, 2016, the negotiation on the Double Taxation Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income between Cyprus and India has been successfully completed, in New Delhi.

On June 27, 2016 the Government of Liechtenstein issued a press release that on that same date the Governments of Iceland ad Liechtenstein had signed a DTA.

On June 29, 2016 the Japanese Ministry of Finance issued a press release announcing that the Government of Japan and the Government of the Republic of Latvia have agreed in principle on a tax convention to be concluded between the two countries.

On June 30, 2016 the Final Regulations regarding Country-by-Country (CbC) Reporting as issued by the U.S. Department of the Treasury/IRS were published in the Federal Register/Volume 81, No. 126/Thursday, June 30, 2016. The regulations are effective June 30, 2016.

On June 30, 2016 the Court of Justice of the European Union (CJEU) judged in Case C-123/15 Max-Heinz Feilen versus Finanzamt Fulda (ECLI:EU:C:2016:496).

This request for a preliminary ruling concerns the interpretation of Articles 63(1) TFEU and 65 TFEU.

 

The request has been made in proceedings between Mr Max-Heinz Feilen and the Finanzamt Fulda (Fulda Tax Office, Germany) concerning the latter’s refusal to grant Mr Feilen the benefit of a reduction in the inheritance tax to which his mother’s estate is subject.

 

Does the free movement of capital guaranteed by Article 63(1) TFEU in conjunction with Article 65 TFEU preclude legislation of a Member State which provides for a reduction in inheritance tax in the case of an inheritance by persons in a particular tax class where the estate includes assets that were already acquired by persons in that tax class during the ten years preceding the acquisition and inheritance tax was assessed in the Member State in respect of this previous acquisition, whereas a tax reduction is excluded where inheritance tax was levied in another Member State in respect of the previous acquisition?

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