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It is generally accepted in the Court’s case law that both the ordinary credit and exemption (including exemption with progression) are permissible methods to avoid double taxation. In Société Générale this position was confirmed, specifically as regards the “maximum deduction” under the ordinary credit method in tax treaties, even though this treatment can result in a disadvantage for cross-border income as compared with domestic income. As the disadvantage in Société Générale was due to the difference between gross-basis taxation of dividends in the source Member States (Italy, the Netherlands and the UK) and net-basis taxation of those foreign-sourced dividends in the residence State (France), it remains to be seen if future cases will bring clarity in light of the Seabrokers judgment of the EFTA Court which examined how expenses can be lawfully allocated to foreign income from the perspective of the residence Member State.
The CFE Tax Advisers Europe stresses that in an Internal Market neither (unintended) double non-taxation nor double taxation is acceptable. It, therefore, calls on all EU institutions to analyze and address the remaining issues of juridical double taxation – including in the context of the upcoming actions amending current corporate tax directives.
|Publication status||Published - 2022|
FingerprintDive into the research topics of 'CFE ECJ Task Force: Opinion Statement ECJ-TF 2/2021 on the CJEU decision of 25 February 2021 in Case C-403/19, Société Générale, on the calculation of the maximum amount of a foreign direct tax credit'. Together they form a unique fingerprint.
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Bekker, S., Bomer, A., Borghouts, I., De Pietro, C., Dusarduijn, S., Elsweier, F., Essers, P., Garcia Anton, R., Gribnau, H., Gubbels, N., Hoogeveen, M., Houwerzijl, M., Kaufmann, W., Kemmeren, E., Lafarre, A., Lejour, A., Li, J., Loth, M., Mc Cahery, J., Montebovi, S., Peters, C., Rombouts, B., Russo, R., Staats, G., Starink, B., Steegmans, M., Stevens, S., Stevens, T., Sumner, I., Tjong Tjin Tai, E., Tzankova, I., Verbruggen, P., Vermeulen, E., Westerhout, E., Weterings, W., Wibier, R., Xu, D., Zegveld, C., Zekić, N., van Gulijk, S., van Hout, D., van Hulten, M., van Kempen, T., van Kesteren, H., van Vijfeijken, I., van der Elst, C., van der Sangen, G., Öner, C., Kryla-Cudna, K., Mak, V., Smit, D., Op Heij, D., Onţanu, E. A., Salah, O., Wijntjens, L., van Norden, G., van den Bosch, S., Fernandez de Aranguiz Chueca, A., Diamant, Y., Geiregat, S., van der Burgt, B., Hofman, A. & Groeneveld-Tijssens, N.
1/01/19 → 31/12/24
Project: Research project