Michiel Schul and Steffie Klein, members of our Tax team, have made a significant contribution to Tax Notes International. In their insightful article, they describe hybrid financing arrangements and mismatches between tax systems under the global anti-base-erosion model rules and provide illustrations of how these rules function.
On 15 March 2024, a consensus was achieved between the European Parliament and the Council of the EU concerning the European Health Data Space (EHDS), a pivotal element in the establishment of a robust European Health Union. The subsequent step involves the formal adoption of the new Regulation by both the European Parliament and the Council.
Every year, the Practicing Law Institute (PLI) in New York publishes its Corporate Tax Practice Series. The Series is a multivolume compendium of U.S. corporate tax law, that can easily be found in the libraries of most U.S. law firms and major corporations.
Werner Heyvaert and Yannick Vandenplas wrote the Belgium chapter.
The CJEU drew a clear distinction between EU principles on the private enforcement of EU competition law and EU principles on private international law. In these two cases, the legal certainty served by private international law instruments on jurisdiction and service prevailed over private enforcement goals such as deterrence and full compensation. For the predictability of valid service of process and of the courts’ jurisdiction, it is pivotal which legal entities are served and/or sued. This outweighs further facilitation of claimants, so the ‘single economic unit’ concept that is used in competition law to consider various entities within a group as one and the same ‘undertaking’ to which the EU competition rules apply was not extended to jurisdiction and service in these cases.
The new edition of the EU Tax Alert is available. With this publication we would like to keep you informed about the latest developments on EU tax law. We have summarized the highlights of this edition below.
Entrepreneurs engaging in Research & Development (R&D) activities, should consider establishing their operations in the Netherlands. The Netherlands offers several incentives that effectively reduce R&D costs, fueling entrepreneurship and fostering investments. These incentives, particularly the WBSO (Research and Development Promotion Act) and Innovation Box, play a crucial role in supporting innovative companies, enabling them to invest more and accelerate their development processes.
The Corporate Sustainability Due Diligence Directive (CSDDD) has entered into effect on 25 July 2024. In three years from now, the first wave of in-scope companies will legally be obliged to comply with the CSDDD. Our ESG litigation team has prepared a comprehensive overview of the scope, timelines, main obligations and control systems of the CSDDD.
The European Commission (“EC”) proposed a Council Directive on “Business in Europe: Framework for Income Taxation” (BEFIT) on 12 September 2023 [link to the EC’s legislative BEFIT-batch here].
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Lennart Crain, who specialises in public and private M&A, public company representation and private equity, has contributed to Lexology’s ‘Panoramic: Public M&A 2024’ with a chapter about the Netherlands.
In the chapter, edited by Contributing Editor Eric Swedenburg of Simpson Thacher & Bartlett, Lennart discusses the framework and recent trends of public M&A in the Netherlands. He covers corporate, contractual, regulatory and other aspects of friendly and hostile public offers.
Since our first article about this topic in 2022, check fraud has been a massive issue in the United States for many incoming European businesses and can be a culture shock for many. The Covid-19 pandemic has contributed to the decline of check use, but it is still a vital currency, and most businesses cannot afford to decline checks. TABS has come up with its top ten tips for avoiding check fraud.
