Search results for

Dirk Van Stappen The Belgian federal government has approved a new draft programme law at its meeting of May 11 2012 which has been submitted to parliament on May 15 2012. The draft law modifies the recently approved thin capitalisation rule to ease its negative consequences for treasury centres in Belgium. According to the thin capitalisation rules as foreseen in article 198, 11° of the Belgium Income Tax Code as recently changed by the Programme Law of March 29 2012 (published in the Belgian Official Gazette on April 6 2012), the deduction of interest paid on loans will be disallowed in case, and to the extent of the excess, the total amount of these loans is higher than five times the sum of the taxed reserves at the beginning of the taxable period and the paid-up capital at the end of this period.

Sead Dado Salkovic

Eylem Philippou

Domnick Bozzetti has joined Morrison & Foerster's New York office, as a partner in the firm's tax department.

In May the European Court of Justice (ECJ) found that French tax legislation is contrary to EU law when it taxes nationally-sourced dividends paid to certain investment funds which are resident in another state. Nadine Gelli, Eduardo Gracia and Manuel Paz of Ashurst explain why this break-through decision opens the door to a significant number of claims for full refunds to be filed by both EU and non-EU investment funds in France and all across Europe.

Steve Jeffels, head of Global Customer Segments for the Tax & Accounting business of Thomson Reuters, explains why there is no time like the present to prepare for iXBRL compliance.

Kevin Downing, one of the key prosecutors in the US government's fight against offshore tax evasion, has become a member of Miller & Chevalier. Since 2004, he has been senior litigation counsel with the Department of Justice's Tax Division, which he joined 15 years ago.

Jean-Michel Chamonard

Micole Wiemer, head of the indirect tax unit at the European Commission, has admitted that low-value consignment relief (LVCR) abuse can only be tackled through wider EU VAT reform.

The good news for taxpayers in the draft guidelines for the implementation of general anti-avoidance rules (GAAR) in India is that the measures will not be retrospective when they take effect from April 1 next year.