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).
ATAD2 is set to neutralise hybrid mismatches arrangements also with non EU states and on a wider array or mismatches.
Sigue, A UK-based company in Rome, played some tricky scheme to laundry money in China by splitting transactions across individuals whose consent was absolutely never even asked and whose data had been found “in adatabase”.
These people were not even informed of their identity “loan” and some of them had even passed away by that time (!).
This despicable hoax led to a Euro 5’580’000,00 fine (or E 10’000,00 for each individual).
Netherlands: the Tax Authority (“Belastingdienst”) can access the equivalent of the oyster card to check transports of citizens, since CCTV cameras cannnot be used for such purpose. Does it mean it is goign tooo far?