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Direct Tax
The ruling excludes vacation and business development days from service PE calculations and confirms virtual services from abroad don’t count, potentially reshaping compliance for multinationals
February 3, 2026
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  • With tax avoidance under an unprecedented level of international scrutiny, the world's major holding company locations are facing turbulent times.
  • Among the biggest concerns for taxpayers in Europe's capital markets is the question of whether or not a financial transaction tax (FTT) will go ahead and in what form.
  • Advanced pricing agreements (APAs) have long been hailed for the certainty they provide to taxpayers and authorities. But they can also be a useful tool in tackling avoidance with sufficient transparency.

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