World-wide HQ in UK and EMEA HQ in Delaware thanks to local low taxes on earnings and IP.
Disclosure of aggressive tax plans to be applied compulsorly in EU as soon as Q2 2018.
The Netherlands: the law allowing interest deduction on loans to sister companies in the Netherlands is contrary to EU principles, in that it discirminates against foreign entities.
The Dutch government has already a B plan, but this will cost 400+M.
From 2018, the scope of the Dutch dividend withholding tax exemption shall be extended to shareholders who are resident in jurisdictions holding a tax treaty with the Netherlands.
Pilot with Belgium, Canada, the Netherlands, Switzerland, the United Kingdom and the United States to test:
- Part A: Preventing Disputes
- Part B: Availability and access to MAP
- Part C: Resolution of MAP cases
The Proposal’s purpose is to remove the different treatment between Dutch cooperatives and Dutch private companies (BVs) on one side and public companies (NVs) on the other in order to extend the exemption for dividend withholding tax to owners in tax treaty countries.
France is leading a group or EU member states longing for an overhaul of the Tax system toward multinationals. These, are currently taxed in the country where they report , while the idea foresees them being taxed in each state where they have business. Watch out Google, Amazon, Facebook, Apple, Starbucks & c.
This multilateral tax treaty sets minimum standards to avoid abuses + defines a company’s taxable presence in a country + lays out plans for settling double taxation disputes between governments.
The main hubs (NL, Singapore, Seychelles, Belgiuum and the like) have signed or are about to sign, while theabsence of the US is quite noteworthy, although good old Pascal doesn’t look too concerned.
Last year, the Dutch government changed the taxation rules and remove the differences in dividend between Dutch cooperatives, private companies (B.V.) and public companies (N.V.)
Oxfam is a no-profit NGO fighting againgst poverty in the world that has just tackled corporatetax avoidance. It turns out that 1751 offshore branches are holding at least $1’600b, i.e. $135b of unpaidtaxes per year.
Apple is topping the ranking with 200b, followed by Pfizer (193,6) and Microsoft (124).