STOP

Recommendations

Info

114 • Fifty Shades of Tax Dodging 298. Companies subject to diamond regime cannot benefit from NID and cannot deduct carried forward losses. 299. Kabinet Minister van Financiën. (2015). Persnota Fiscale Maatregelen Programmawet. Published 21 May 2015: https://www.n-va.be/sites/ default/files/generated/files/press-attachment/persnota_fiscale_ maatregelen_programmawet_21052015.pdf & PwC. (2015). Tax reform in Belgium 2014-15. Accessed 16 September 2015: http://www.pwc.be/ en/news-publications/news/tax-reform.html 300. PwC. (2015). Tax reform in Belgium 2014-15. Accessed 16 September 2015: http://www.pwc.be/en/news-publications/news/tax-reform.html 301. See De Standaard. (2015). Nieuwe fiscale regeling moet AB Inbev hier houden. Published September 26 2015: http://www.standaard.be/cnt/ dmf20150925_01887581 302. De Standaard. (2014). België promoot unieke belastingontwijking. Published 8 December 2014 : http://www.standaard.be/cnt/ dmf20141207_01417457 303. Gambini, Antonio. (2015). Excess profit ruling’ ou comment la Belgique a légalisé l’évasion fiscale des multinationales. Published 16 January 2015: http://www.cncd.be/Excess-profit-ruling-ou-comment-la 304. European Commission. (2015). Press Release, State Aid: Commission opens in-depth investigation into the Belgian excess profit ruling system. Published 3 February 2015: http://europa.eu/rapid/pressrelease_IP-15-4080_en.htm 305. Belgische Kamers van Volksvertegenwoordigers. (2015). Beknopt Verslag, Commissie voor de Financiën en de Begroting. Dated 6 January 2015: https://www.dekamer.be/doc/CCRA/pdf/54/ac043.pdf 306. Sven Giegold. (2015). Delegation visit to Belgium – Tuesday 12 May – Mission Report. Special Committee on tax rulings and other measures similar in nature or effect (TAXE), p.4. Accessed 16 September 2015: http://www.sven-giegold.de/wp-content/uploads/2015/03/MissionreportBE.pdf 307. See European Commission. (2012). Belgium: Federal – Tax deduction for patent income. Dated 22 March 2012. Accessed 16 September 2015: http://erawatch.jrc.ec.europa.eu/erawatch/opencms/information/ country_pages/be/supportmeasure/support_mig_0043 & European Commission. (2015). Patent boxes design, patents location and local R&D. Taxation Papers, Working Paper N.57-2015. Accessed 16 September 2015: http://ec.europa.eu/taxation_customs/resources/ documents/taxation/gen_info/economic_analysis/tax_papers/ taxation_paper_57.pdf, p.30. 308. European Commission. (2015). Patent boxes design, patents location and local R&D. Taxation Papers, Working Paper N.57-2015. Accessed 16 September 2015: http://ec.europa.eu/taxation_customs/resources/ documents/taxation/gen_info/economic_analysis/tax_papers/ taxation_paper_57.pdf, p.10. 309. Ibid., p.3. 310. L’Echo. (2015). GSK strengthens the role of Belgium as world headquarters. Published 19 March 2015. Accessed 16 September 2015: http://www.lecho.be/entreprises/pharma_biotechnologie/ GSK_renforce_le_role_de_la_Belgique_comme_QG_ mondial.9612875-3002.art?ckc=1&ts=1442417652 311. Ibid. 312. See Federale Overheidsdienst Financien. (2015). Overeenkomsten: http://financien.belgium.be/nl/particulieren/internationaal/ internationale_akkoorden/#q1 313. Based on calculations done by 11.11.11. using the information available at Federale Overheidsdienst Financien. (2015). Overeenkomsten: http://financien.belgium.be/nl/particulieren/internationaal/ internationale_akkoorden/#q1 314. See Federale Overheidsdienst Financien. (2010). Belgian draft June 2010: convention for the avoidance of double taxation with respect to taxes on income and on capital and for the prevention of fiscal evasion: http://fiscus.fgov.be/interfafznl/fr/downloads/modStand_en.pdf 315. See for example Article 10 on taxation of dividends in the model treaty found here: Fisconet Plus. (2015). Overeenkomst tot het vermijden van dubbele belastin inzake belastingen naar het inkomen en naar het vermogen en tot het voorkomen van het ontduiken van belasting: http://ccff02.minfin.fgov.be/KMWeb/document. do?method=view&nav=1&id=2e0eb20c-9787-4af7-9606-c7a0 b8cfa0ab&disableHighlightning=2e0eb20c-9787-4af7-9606- c7a0b8cfa0ab/#findHighlighted 316. See Belgische Kamer van Volksvertegenwoordigers. (2015). Doc 54 1020/004. Dated 28 May 2015: http://www.lachambre.be/FLWB/ PDF/54/1020/54K1020004.pdf 317. De Morgen. (2015). Belastingdeal met Seychellen onder vuur. Published 5 May 2015: http://www.demorgen.be/economie/ belastingdeal-met-seychellen-onder-vuur-a2316375/ 318. ICIJ. (2014). Sun and shadows: How an island paradise became a haven for dirty money. Published 9 June 2014. Accessed 16 September 2015: http://www.icij.org/offshore/sun-and-shadows-how-island-paradisebecame-haven-dirty-money 319. 320. OECD. (2012). Update to Article 26 of the OECD Model Tax Convention and its Commentary. Approved by the OECD Council 17 July 2012: http://www.oecd.org/ctp/exchange-of-tax-information/120718_ Article%2026-ENG_no%20cover%20(2).pdf 321. Chancellery of the Prime Minister. (2014). Regeerakkoord. Published 11 October 2014: http://www.premier.be/nl/regeerakkoord 322. See Chancellery of the Prime Minister. (2014). Minister Van Overtveldt: ‘Transparantie is een werk van elke dag’. Published 9 December 2014: http://vanovertveldt.belgium.be/nl/minister-van-overtveldt- %E2%80%9Ctransparantie-een-werk-van-elke-dag%E2%80%9D 323. Service public fédéral Justice. (2014). Arrêté royal portant modification des arrêtés royaux relatifs aux comptes annuels et aux comptes consolidés des établissements de crédit, des entreprises d’investissement et des sociétés de gestion d’organismes de placement collectif. Published 27 November 2014: http://www.ejustice.just.fgov.be/cgi_loi/change_ lg.pl?language=fr&la=F&cn=2014112701&table_name=loi 324. This is according to the Minister of Finance, disclosed at a meeting with the European Parliament’s TAXE committee on 17 June 2015. See Sven Giegold. (2015). Summary report of the meeting with the Belgian Minister of Finances, Mr Van Overtveld, Special Committee on tax rulings and other measures similar in nature or effect (TAXE). Accessed 16 September 2015: http://www.sven-giegold.de/wp- content/uploads/2015/03/Summary-report_Belgian-Minister-of- Fianance_170615.pdf 325. EY. (2015). Country implementation of BEPS Actions 8–10 and 13. A survey on the implementation of the BEPS Actions on transfer pricing and transfer pricing documentation. Published August 2015. Accessed 15 September 2015: http://www.ey.com/Publication/vwLUAssets/ ey-country-implementation-of-beps-actions-8-10-and-13-august- 2015/$FILE/ey-country-implementation-of-beps-actions-8-10-and-13. pdf, p.16-17. 326. FATF. (2015). Anti-money laundering and counter-terrorist financing measures – Belgium. Fourth Round Mutual Evaluation Report. Published April 2015. Accessed 16 September 2015: http://www. fatf-gafi.org/media/fatf/documents/reports/mer4/Mutual-Evaluation- Report-Belgium-2015.pdf, p.198. 327. Ibid., p.198. 328. Response to questionnaire sent to the Cell for treatment of financial information, response received 27 May 2015. 329. Ibid. 330. Ibid. 331. Sven Giegold. (2015). Summary report of the meeting with the Belgian Minister of Finances, Mr Van Overtveld, Special Committee on tax rulings and other measures similar in nature or effect (TAXE). Accessed 16 September 2015: http://www.sven-giegold.de/wp- content/uploads/2015/03/Summary-report_Belgian-Minister-of- Fianance_170615.pdf 332. Ibid.
Fifty Shades of Tax Dodging • 115 333. Answer from Alexander De Croo, Vice Prime Minister and Minister of Development Cooperation, Digital Agenda, Telecommunications and Postal Services to written question of Wouter De Vriendt (Groen) (Schriftelijke vraag nr. 171, ’Evaluatie van de dubbelbelastingverdragen met ontwikkelingslanden’. 334. International Tax Compact. (2015). About the Addis Tax Initiative. Accessed 16 September 2015: http://www.taxcompact.net/activitiesevents/addis-tax-initiative.html# 335. Foreign Affairs, Foreign Trade and Development Cooperation. (2015). Guinea and Burkina Faso new partner countries of Belgian development cooperation. Published 21 May 2015. Accessed 16 September 2015: http://diplomatie.belgium.be/en/Newsroom/news/ press_releases/cooperation/2015/05/ni_210515_new_partner_ countries.jsp 336. Van de Poel, J. & Vanden Berghe, B. (2015). Hearing in Foreign Affairs Committee of Belgian Parliament on 7 July 2015 (full report not yet available), ‘De weg naar Addis Abeba’. Sampol, 6: http://www.11.be/ downloads/doc_download/1710-de-weg-naar-addis-abeba, pp. 22-38. 337. Van de Poel, J. (2015). ‘Wat na Luxleaks?’. Sampol, 1, pp. 36-45; Eurodad. (2014). Hidden Profits: The role of the EU in supporting an unjust global tax system 2014: http://www.eurodad.org/hiddenprofits 338. Šulová, K. (2015). Babiš: Výběr daní zefektivňujeme, NKÚ tomu nerozumí. Czech Television. Published 24 July 2015: http://bit. ly/1JnQX3o, 339. Quote is from speech of Mr. Babiš at the third ANO (political party) congress in February 2015 where he was elected Chairman. See Parlamentni Listy. (2015). Babiš (ANO): Vznikli jsme proto, abychom pomohli lidem, nebudeme to měnit. Published 28 February 2015. Accessed July 2015: http://www.parlamentnilisty.cz/politika/politicivolicum/Babis-ANO-Vznikli-jsme-proto-abychom-pomohli-lidemnebudeme-to-menit-364106 340. European Commission. (2015). Country Report Czech Republic 2015, SWD(2015) 23 final: http://ec.europa.eu/europe2020/pdf/csr2015/ cr2015_czech_en.pdf, p.1. 341. Tax Cobra. (2015). Official website. Accessed in July 2015: http://www. danovakobra.cz/tax-cobra.html 342. Financial Administration. (2015). The Specialized Tax Office initiated a nationwide controlling operation on transfer pricing at multinational corporations. Published 19 February 2015: http://www.financnisprava. cz/en/internation-tax-affairs/news/2015/the-specialized-tax-officeinitiated-a-n-5762 343. Based on informal information from discussion with representatives of General Financial Directorate. 344. Increase of Czech ODA was one of the demands before FFD3 conference in Addis Ababa (see for example: Šrámková, K and Kopečný, O. (2015). Mediální brief před konferencí v Addis Abebě o rozvojovém financování. FoRS a Glopolis, July 2015: http://www.fors. cz/wp-content/uploads/2012/08/brief-web.pdf 345. E15.cz. (2015). Stát chce trestat i sám pokus krátit daň, legislativa se vydá na tenký led. Accessed in July 2015: http://zpravy.e15.cz/pravo-abyznys/stat-chce-trestat-i-sam-pokus-kratit-dan-legislativa-se-vydana-tenky-led-1094354 346. Ministry of Finance of the Czech Republic. (2014). Tax allowances in the Czech Republic 2011–2015. Published 23 December 2014. Accessed 30 April 2015: http://www.mfcr.cz/en/news/news/2014/tax-allowancesin-the-czech-republic-201-20064 347. Ibid. 348. Joint Transfer Pricing Forum. (2014). Statistics on APAs at the end of 2013. Published October 2014: http://ec.europa.eu/taxation_customs/ resources/documents/taxation/company_tax/transfer_pricing/forum/ final_apa_statistics_2013_en.pdf 349. Ibid. 350. EU Observer. (2015). Tax probes frustrate EU competition chief. Euobserver. Published 5 May 2015. Accessed in July 2015: https:// euobserver.com/economic/128585, 351. Babiš, Andrej. (2015). Letter from Andrej Babiš, First Deputy Prime Minister and Minister of Finance to Mr. Lamassoure, the Chair of the Special Committee TAXE. Dated 9 June 2015. 352. Ibid. 353. Ibid. 354. OECD. (2015). Implementing the latest international standards for compiling foreign direct investments statistics – How multinational enterprises channel investments through multiple countries. Published February 2015. Accessed 14 September 2015: http://www. oecd.org/daf/inv/How-MNEs-channel-investments.pdf, p.3. 355. See IFA Ukraine. (2015). Slovakia and Czech Republic as tax planning and asset protection alternative for Ukrainian businesses. Published 4 June 2015: http://ifa-ukraine.org/files/static/Brochure_June_4_2015. pdf 356. European Commission. (2014). A study on R&D tax incentives, Taxation Papers, Working Paper No.52. Published 28 November 2014: http://ec.europa.eu/DocsRoom/documents/8032/attachments/1/ translations/en/renditions/native, p.53. 357. Deloitte. (2014). 2014 Global Survey of R&D Tax Incentives. Published March 2014: https://www2.deloitte.com/content/dam/Deloitte/global/ Documents/Tax/dttl-tax-global-rd-survey-aug-2014.pdf 358. See Ministry of Finance of the Czech Republic. (2015). Informace o vstupu v platnost Smlouvy mezi Českou republikou a Kolumbijskou republikou o zamezení dvojímu zdanění. Published 29 May 2015: http:// www.mfcr.cz/cs/legislativa/dvoji-zdaneni/zakladni-informace/2015/ informace-o-vstupu-v-platnost-smlouvy-me-21509 359. See Ministry of Finance of the Czech Republic. (2015). Informace k podpisu protokolu k daňové smlouvě s Kazachstánem. Published 24 November 2014: http://www.mfcr.cz/cs/legislativa/dvoji-zdaneni/ zakladni-informace/2014/informace-k-podpisu-protokolu-kdanove-s-19748 360. Information available on the website of Czech Trade. See BusinessInfo. cz. (2014). Informace z návštěvy ghanské delegace v ČR. Published 23 October 2014. Accessed in August 2015: http://www.businessinfo.cz/ cs/clanky/informace-z-navstevy-ghanske-delegace-v-cr-57330.html 361. EY. (2014). A more favorable Double Tax Treaty between Luxembourg and Czech Republic will take effect on 1 January 2015. Published September 2014. Accessed in August 2014: http://www.ey.com/LU/ en/Services/Tax/Tax-alert_201409_Tax-alert_Double-Tax-Treatybetween-Luxembourg-Czech-Republic 362. Podivínská, Katerina. (2009). Zamezení mezinárodního dvojího zdanění, diplomová práce. Masarykova univerzita, Právnická fakulta 2009. Accessed August 2015: https://is.muni.cz/th/100033/pravf_m_a2/ Diplomova_prace_Mezinarodni_zdaneni_Podivinska.pdf 363. Epravo.cz. (2014). Zákon č. 135 / 2014 Sb., Čl. I, § 11c Sbírka zákonů. Zákon, kterým se mění některé zákony v souvislosti se stanovením přístupu k činnosti bank, spořitelních a úvěrních družstev a obchodníků s cennými papíry a dohledu nad nimi. Published 22 July 2014: http://www.epravo.cz/_dataPublic/sbirky/2014/sb0058-2014.pdf 364. European Commission. (2013). Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing. Accessed October 10 2015: https://www.ecb. europa.eu/ecb/legal/pdf/com_2013_45_en_acte_f.pdf And European Commission. (2013). Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on information accompanying transfers of funds. Accessed October 10 2015: http://eur-lex.europa. eu/LexUriServ/LexUriServ.do?uri=COM:2013:0044:FIN:EN:PDF 365. Based on a questionnaire sent to Ministry of Finance and further communication with relevant government officials. 366. Ibid. 367. Ibid. 368. Trusts were introduced into Czech law with the new Civil Code, which came into force in January 2014. See for example Danari Online. (2014). Svěřenský fond v českém právním systému. Published 1 June 2014:
Page 1 and 2:
STOP Fifty Shades of Tax Dodging Th
Page 3 and 4:
Contents Glossary 4 Executive summa
Page 5 and 6:
Fifty Shades of Tax Dodging • 5
Page 7 and 8:
Fifty Shades of Tax Dodging • 7 A
Page 9 and 10:
Fifty Shades of Tax Dodging • 9 P
Page 11 and 12:
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63 and 64: Fifty Shades of Tax Dodging • 63
Page 113: Fifty Shades of Tax Dodging • 113
show all

STOP

Create successful ePaper yourself

Delete template?

Save as template?