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Permanent Establishment for Investors in Private Equity Funds—A Legal Analysis in Light of the Changes to the OECD Model (2017)

capital gains, taxation of carried interest, deductibility of interest expenses and management fees, withholding taxes on interest and dividends, and the applicability of anti-avoidance rules. Moreover, an import issue concerns the question of whether the investment in a private equity fund may create a permanent establishment (PE) for foreign investors. Cf. G. Letizia, International Tax Issues in Relation to Cross-Border Investment Funds , 43 Intertax 8/9, p. 526-530 (2015) and E. Cacciapuoti, Private Equity Funds, Permanent Establishments and Italian Operations

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BEPS Policy Failure—The Case of EU Country-By-Country Reporting1

levels of corporate tax avoidance through media outlets and by direct campaigns and public rallies. They have suggested that income from high-tax jurisdictions is being shifted to low-tax jurisdictions, making it very difficult for nation states to collect fair taxes—leading to a major “tax gap” [ 47 ]. As a result, transnational regulatory organizations have been pressurized to respond. Under instruction from the G20 and G8, the Organization for Economic Cooperation and Development (OECD) took charge of the initiative to tackle global tax avoidance, through the base

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Debt Shifting and Thin-Capitalization Rules – German Experience and Alternative Approaches

, 391-413. Büttner T., Overesch M., Schreiber U. and Wamser G., 2009. Taxation and Capital Structure Choice - Evidence from a Panel of German Multinationals. Economics Letters 105, 309-311. Büttner T., Overesch M., Schreiber U. and Wamser G., 2012. The Impact of Thin-capitalization Rules on the Capital Structure of Multinational Firms. Journal of Public Economics 96, 930-938. Büttner T., Overesch M. and Wamser G., 2014. Anti Profit-Shifting Rules and Foreign Direct Investment, CESifo Working Paper No. 4710, Munich

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Corporate tax in an international environment – Problems and possible remedies

-938. Büttner T. , Overesch M. and Wamser G. (2014), Anti Profit-Shifting Rules and Foreign Direct Investment. CESifo Working Paper No. 4710, Munich. De Mooij R. (2012), Tax Biases to Debt Finance: Assessing the Problem, Finding Solutions. Fiscal Studies, 33, 489-512. De Mooij R. and Ederveen S. (2008), Corporate Tax Elasticities: A Reader’s Guide to Empirical Findings. Oxford Review of Economic Policy 24, 680-697. De Mooij R.A, and Devereux M.P.(2011), An Applied Analysis of ACE and CBIT Reforms in the EU. International Tax and

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Growth-Enhancing Corporate Tax Reform in Belgium

Belgium’s treaties (such as withholding tax rates) are consistent with international conventions and in line with those in many other tax treaties. In the past, Belgium has used various targeted tax incentives to attract foreign direct investment from MNCs, such as the regime for coordination centers before 2006, the NID after 2006 (see below), the innovation box, and specific rulings such as an excess profit tax ruling. This strategy has been relatively successful in the past. For instance, the inbound stock of FDI is approximately 100 percent of GDP in 2015 (per the

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Responsible Investment: Taxes and Paradoxes

“Economic Analysis of Law” Fourth Boston Little Brown Preuss, Lutz. 2012. “Responsibility in Paradise? The Adoption of CSR Tools by Companies Domiciled in Tax Havens.” Journal of Business Ethics 110 (1): 1-14. 10.1007/s10551-012-1456-6 Preuss Lutz 2012 “Responsibility in Paradise? The Adoption of CSR Tools by Companies Domiciled in Tax Havens.” Journal of Business Ethics 110 1 1 14 Robertson, ChristopherJ and Andrew Watson. 2004. “Corruption and change: The impact of foreign direct investment.” Strategic Management Journal 25 (4): 385–396. 10.1002/smj.382 Robertson

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Taxation of Controlled Foreign Companies in Context of the OECD/G20 Project on Base Erosion and Profit Shifting as well as the EU Proposal for the Anti-Tax Avoidance Directive – An Interim Nordic Assessment

the extent that the foreign tax is less than the domestic tax. The size of the benefit depends on the difference between the foreign and domestic tax rates, the length of the period of deferral, and the prevailing interest rates ( Arnold (1986) ). The policy objectives behind the introduction of the CFC rules differ among the states that have enacted such legislation. However, fundamentally, the CFC legislation is typically seen as an instrument to guard against the unjustifiable erosion of the domestic tax base by the export of investments to non

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Reforming capital gains taxation of intercorporate share realizations : a law and economics approach from a Nordic perspective

of an additional 100% for R&D expenditure. The proposal addresses also the problem of debt receiving a more favourable tax treatment than direct capital investment. This proposal concerns the corporate tax base and it is not meant to harmonise the various national corporate tax rates. One possible and a very major tax reform change regarding company taxation could at least in principle be a total focus shift from the company (firm) level tax to the owner-investor level tax (Example: the Estonian tax system). This may not be the most realistic way. If the company

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The Nordic model: 25 years of drawing the line between earned and capital income in Finland

in practice is much easier for non-listed than listed companies. Furthermore, the taxation may vary within one asset class depending on the form of investment or financial instrument used. For example, one may invest in equities by making direct equity investments or then by using funds or different kind of life and pension insurance products. The tax treatment of these different investment instruments is not consistent; the effective tax burden can vary a lot between the different investment forms and cases. Above all, this is due to the fact that by using

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The Emergence of Denmark’s Tax Treaty Network — A Historical View

dividends, which was passed in 1998. Cf. SEL2(1)(c) (Den.), as amended by the adoption of Law no. 1026 of December 23,1998. The amendment entailed that dividends distributed to foreign parent companies were not subject to limited Danish tax liability, regardless of where the parent company was resident. The amendment was partly caused by administrative difficulties with handling the rules valid at the time and partly caused by a desire to become a more attractive country for foreign investment. The latter actually seemed to become true, as foreign groups and investors

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