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1 Foreword This article aims to illustrate the introduction of a new tax regime provided by the Italian Government to attract foreigners and Italians in retirement living in foreign countries to move their residence to Southern Italy. 2 The new Italian tax regime for pensioners On the 30th of December, ... Read More »
Category Archives: Tax law
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Polish tax on revenue from fixed assets encompasses hotels, conference centers and sports facilities
August 6, 2019
Starting from January 1, 2019 an amendment of Corporate and Personal Income Tax Acts went into force with regards to the so-called tax on commercial real estate. It was then renamed tax on revenue from fixed assets. Until December 31, 2018 it encompassed only owners of commercial and office buildings ... Read More »
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Capital gains realized from the disposal of stocks in a Polish joint-stock company are taxable only in a transferor’s state of residence
August 5, 2019
Albert Einstein once said that a question pertaining to taxes is too difficult for a mathematician. It should be asked of a philosopher. Unfortunately, the world famous physicist did not take into account that practicing philosophy with reference to this field of law can very easily lead to the omission ... Read More »
The favourable tax regime of new Italian residents
July 24, 2019
Foreword This brochure aims to illustrate the introduction of the new tax regime for the “new Italian residents” with the debut of a lump-sum taxation called “Flat tax”, granting an exemption of foreign investments from Italian taxation, called “non-domiciled tax resident”. The Italian Finance Bill for 2017 (hereinafter “Finance Bill”) ... Read More »
Italian Patent Box
July 18, 2019
The Italian Finance Bill for 2015 has enhanced an important provision named “Patent Box”, to facilitate and attract foreign taxpayers, improve the Research and Development in Italy and most important preserve the “i.e. Made in Italy”. This provision introduced in Italy is an optional tax regime, that allows reduced taxation ... Read More »
Revised tax ruling practice announced in the Netherlands
July 12, 2019
The Dutch ruling practice for tax rulings with an international character has been one of the cornerstones of the Dutch investment climate for a period spanning more than 50 years. Often tax legislation contains vague language and ambiguous terms increasing the need for advance consultation of the competent tax authorities ... Read More »
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Tax implications no deal Brexit
July 5, 2019
After the Withdrawal Agreement with the UK was voted down by British Parliament several times, the EU has allowed an extension until 31 October 2019. If no other arrangement with the EU will be made before that date, the UK will cease to be a member of the EU without ... Read More »
Revised tax ruling practice announced in the Netherlands
December 6, 2018
The Dutch ruling practice for tax rulings with an international character has been one of the cornerstones of the Dutch investment climate for a period spanning more than 50 years. Often tax legislation contains vague language and ambiguous terms increasing the need for advance consultation of the competent tax authorities ... Read More »
CORPORATE PHILANTHROPY GOOD PRACTICES TAX REDUCTION OR DEDUCTIBLE EXPENSE CORPORATE INTEREST PHILANTHROPY AND THE ADVENT OF MISSION-LED BUSINESSES
August 6, 2018
Corporate philanthropy is faring well, even though it is still a recent practice compared to philanthropy overall. In France, corporate philanthropy effectively stems from the law on corporate foundations adopted relatively recently, on 4 July 1990[1]. It is in fact quite significant to see how difficult it was for the ... Read More »
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by: Delsol
in Corporate law, France, Tax law
PHILANTHROPISTS’ INTENTIONS: THE STRATEGIC CHOICE OF LEGAL STRUCTURE
August 3, 2018
Initiating and conducting a philanthropic project imply strategic choices in terms of governance, durability and tax treatment, in order to give legal effect to the intentions of the founding philanthropist. Philanthropy and economics increasingly share a project rationale, which involves defining the approach to be taken to improve the chances ... Read More »
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by: Delsol
in Corporate law, France, Tax law
Internet Seller Beware
August 1, 2018
Due to a recent Supreme Court decision, internet sellers may now be required to collect and remit sales taxes in states in which they have no physical presence. In the landmark case of South Dakota v. Wayfair, Inc., decided on June 21, the Court overturned its prior decisions that had ... Read More »
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New Tax Law Affects Executive Compensation
March 26, 2018
The final tax reform bill signed by President Trump on December 21, 2017 makes substantial changes to executive compensation paid by private and public companies and non-profit organizations. But it could have been worse. Significant restrictions on nonqualified deferred compensation plans were removed from the final bill. This article briefly ... Read More »
Tax Compliance Management Systems – Compulsory or optional?
March 23, 2018
Compliance management systems (CMS) – hardly a day goes by without being reported on their necessity. Latest buzzword: tax compliance. What is behind all this? Does tax compliance make sense? What are the benefits of tax compliance? Compliance and tax practice German tax law is complicated and is considered one ... Read More »
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by: Buse Heberer Fromm
in Compliance, Germany, Tax law
Revocation of an appointment to the management board based on a withdrawal of confidence
January 22, 2018
The Federal Court of Justice (BGH) judged previously disputed legal questions regarding the dismissal of a management board member based on a withdrawal of confidence by the annual general meeting in favor of the shareholders. The withdrawal of confidence does not have to be explained. A corresponding resolution of the ... Read More »
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by: Buse Heberer Fromm
in Corporate law, Germany, Tax law
Share Deal: Imputation of Knowledge of the Managing Director
January 18, 2018
With a judgment dated June 16, 2016, the Higher Regional Court (OLG) of Düsseldorf (File reference I-6 U 20/15) has decided that the knowledge of the managing director of the target company, who is acting as a representative and who has, from the outset, an interest in the buyer’s business ... Read More »
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by: Buse Heberer Fromm
in Corporate law, Germany, Tax law