Zouden we bij het bepalen of sprake is van een woekerwinst eigenlijk niet naar de behaalde winstmarge moeten kijken in plaats van naar het absolute bedrag van de behaalde jaarwinst?
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Een paar weken lang leek het erop dat een aantal politici daadwerkelijk had begrepen dat het Nederlandse ondernemingsklimaat gedurende de afgelopen jaren een aantal fikse krassen had opgelopen. Maar de spreekwoordelijke inkt van het persbericht waarmee Shell 2 februari jongstleden haar resultaten voor het boekjaar 2022 aankondigde was nog niet droog, of de gehele Nederlandse politiek van links tot rechts schoot in een Pavlov reactie. “Een woekerwinst van meer dan 42 miljard dollar! Schandalig! Buitensporig! Kunnen we als Nederlandse overheid niet een deel van die winst afromen?” In hun verontwaardiging kregen ze bijval van verscheidene organisaties, de media en massaal van gewone burgers.
The CJEU ruled in Case C-676/21, Veronsaajien oikeudenvalvontayksikkö (Taxe sur les véhicules) (Free movement of goods – Motor vehicle tax)
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On February 2, 2023 on the website of the Court of Justice of the European Union (CJEU) the judgment of the CJEU in Cases C-676/21, A with as intervening party: Veronsaajien oikeudenvalvontayksikkö, ECLI:EU:C:2023:63, was published. The case concerns the import and export of motor vehicles from and to other Member States. It in particular regards the question whether a jurisdiction is allowed to rejected an export refund of motor vehicle tax in respect of vehicles that have been in circulation for at least ten years at the time of export?
The CJEU annuls in part the Commission’s State aid decision on the ‘Spanish Tax Lease System’
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On February 2, 2023 on the website of the Court of Justice of the European Union (CJEU) the judgment of the CJEU in the joined Cases C-649/20 P (Spain versus Commission), C‑658/20 P (Lico Leasing and Pequeños y Medianos Astilleros Sociedad de Reconversión versus Commission) and C‑662/20 P (Caixabank and Others v Commission) ECLI:EU:C:2023:60, were published.
The OECD released technical guidance for implementation of the global minimum tax (Pillar Two – GloBE)
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On February 2, 2023 the OECD released technical guidance to assist governments with implementation of the landmark reform to the international tax system, which will ensure multinational enterprises (MNEs) will be subject to a 15% effective minimum tax rate.
The OECD released a manual on the handling of MAPs and APAs
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On February 1, 2023 the OECD published a Manual on the Handling of Multilateral Mutual Agreement Procedures (MAPs) and Advance Pricing Arrangements (APAs). Although the manual is intended for tax authorities, it is certainly also very interesting reading material for any tax professional that is active in international taxation.
Decree of the Dutch Secretary of State for Finances clarifying and limiting the scope of the anti-abuse legislation as laid down in Article 8bd of the Dutch Corporate Income Tax Act
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On January 24, 2023, a Decree of the Secretary of State for Finance was published in the Dutch State Gazette. In the Decree, the Secretary of State clarifies and limits the scope of the anti-abuse legislation as laid down in Article 8bd of the Dutch Corporate Income Tax (DCIT) Act. (Decree of January 11, 2023, nr. 2022-322315). The Decree entered into force on January 25, 2023.
Article 8bd contains anti-abuse legislation that sees on certain transactions and restructurings which involve a Dutch payer and foreign entities that are either subjectively exempt from a tax on profits, or that are established in a jurisdiction where they are not subject to a tax on profits.
EU: The European Commission published the key decisions of the January 2023 infringements package
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On January 26, 2023 the European Commission published the key decisions of the January 2023 infringements package. The key decisions published includes a letter of formal notice that was sent to Spain requesting Spain to implement properly the new EU tax dispute resolution mechanism.
Besluit van de staatssecretaris ter verduidelijking van de reikwijdte van artikel 8bd Wet op de vennootschapsbelasting 1969 gepubliceerd
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Op 24 januari 2023 is in de Staatscourant een besluit van de Staatssecretaris van Financiën van 11 januari 2023 gepubliceerd. In dit besluit verduidelijkt de Staatssecretaris de de reikwijdte van artikel 8bd Wet op de vennootschapsbelasting 1969 (Wet Vpb). Een Besluit dat ik even moet laten bezinken omdat ik me afvraag of dat het de deur naar bepaalde misbruikstructuren niet wagenwijd openzet?
The European Parliament proposes amendments to be made to the proposal of the European Commission for a Directive to fight the abuse of shell entities and arrangements for tax purposes
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On December 22, 2021, the European Commission released a proposal for a Council Directive laying down rules to prevent the misuse of shell entities for tax purposes and amending Directive 2011/16/EU. This so-called “Unshell proposal” should ensure that entities in the European Union that have no or minimal economic activity are unable to benefit from any tax advantages and do not place any financial burden on taxpayers. On January 17, 2023 the European Parliament approved the Commission proposal as amended and called on the Commission to alter its proposal accordingly, in accordance with Article 293(2) of the Treaty on the Functioning of the European Union. In this article we will discuss some of the amendments as proposed by the European Parliament.
De Advocaat-Generaal “De afloopvrijstelling van artikel 13, lid 16 Wet Vpb geldt ook voor gedekte callopties”
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Op 13 januari 2023 is op de website van de Rechtspraak een heel interessante conclusie van Advocaat-Generaal Wattel gepubliceerd . (Zaaknummer: 22/02127, ECLI:PHR:C:2022:1171). Deze zaak gaat over de reikwijdte van de vrijstelling voor aflopende deelnemingen in art. 13(16) Wet op de vennootschapsbelasting (Wet Vpb).
Opinion of the AG Case C-677/21, Fluvius Antwerpen (VAT – Taxable transactions – Concept of ‘economic activity’ – Charging by the competent distribution network operator for illegally consumed electricity)
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On January 12, 2023 on the website of the Court of Justice of the European Union (CJEU) the opinion of the CJEU in Case C-677/21, Fluvius Antwerpen versus MX, ECLI:EU:C:2023:24.
The signals for the Dutch business climate seem to have slowly turned to dark red
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What do companies like Unilever, DSM, Shell, Flow Traders and Boskalis have in common? All of them either already have moved their headquarters from the Netherlands to a country outside the EU, have decided to do so, or are considering to do so.
Shell expects the impact of the additional taxes in the EU (the solidarity contribution) and the deferred tax impact from the increased UK Energy Profits Levy to be around $2 billion on its Q4’22 earnings
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On January 6, 2023 Shell published an update to its fourth quarter 2022 outlook. The update gives an overview of Shell’s current expectations for the fourth quarter.
The CJEU ruled in Case C-656/21, IM GESTÃO DE ATIVOS and Others (Interpretation of Article 5(2) of Council Directive 2008/7/EC concerning indirect taxes on the raising of capital)
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On December 22, 2022 on the website of the Court of Justice of the European Union (CJEU) the judgment of the CJEU in Case C-656/21, IM Gestão de Ativos (IMGA) – Sociedade Gestora de Organismos de Investimento Coletivo SA & others versus Autoridade Tributária e Aduaneira, ECLI:EU:C:2022:1024, was published.
The OECD opened a public consultation on the withdrawal of digital service taxes and other relevant similar measures under Pillar One and released an implementation package for Pillar Two
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On December 20, 2022 the OECD opened a public consultation on the withdrawal of digital service taxes and other relevant similar measures under Pillar One and released an implementation package for Pillar Two. It should be noted however, that also the implementation package for Pillar Two that was released on December 20, 2022 contains 2 consultation documents. In total the OECD therefore released 3 consultation documents on December 20, 2022 and 1 guidance document.
The Netherlands – On December 6, 2022 the Policy Decree hybrid entity provisions was published in the Dutch State Gazette
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On December 6, 2022 the important Policy Decree hybrid entity provisions was published in the Dutch State Gazette. The Decree regards the Dutch dividend withholding tax Act, the Dutch withholding tax Act 2021 and the explanation of the hybrid entity provisions.
The Council of the European Union formally adopted the Council Directive on ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union
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The last days the status regarding the Council Directive on ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union (Council Directive to implement Pillar 2 in the EU) was moving in a fast pace in both directions. So fast it was hard to keep track.
EU member states have reached an agreement to implement Pillar 2 at an EU level
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It was a long wait, but finally late in the evening of December 12, 2022 there was white smoke coming from the Council of the European Union regarding the implementation of Pillar 2 at an EU level. Pillar 2 arranges for a minimum level of taxation (15%) for large corporations.
The Irish Ministry of Finance has published the responses it received on its consultation on Pillar Two Minimum Tax Rate Implementation
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On May 26, 2022 the Irish Government opened a public consultation on the implementation of Pillar Two (the introduction of a 15% minimum Effective Tax Rate). Through this consultation the Irish Ministry of Finance was seeking for stakeholder views on the implementation of the Pillar Two Minimum Tax Rate proposal in Ireland. The consultation period ran until July 22, 2022.
