Updated March 11, 2016

Like TAXE, the Special Committee on Tax Rulings and Other Measures Similar in Nature or Effect (TAXE 2) has also invited several multinationals to participate in a meeting of TAXE 2. Based on an overview published on the website of TAXE 2, TAXE 2 invited 6 multinational corporations to participate in its meeting of March 15, 2016. On its website, TAXE 2 also published invitations which were sent to several jurisdictions were published.

 

According to the website of TAXE 2 the following multinational corporations were invited to participate in the March 15, 2016 meeting of TAXE 2. On the website an overview with the situation as per February 24, 2016 is published. The overview mentions the following multinationals and their replies: Apple Inc. (Participating), Google Inc. (Participating), Inter IKEA Group (Participating), Fiat Chrysler (As per February 24, 2016 TAXE 2 was still awaiting a reply), McDonald’s Corporation (As per February 24, 2016 TAXE 2 was still awaiting a reply) and Starbucks (Declined).

 

According to the overview Starbucks reason for declining was the following:

As Starbucks is planning to appeal the decision of the European Commission, announced on 21st October 2015, that the Netherlands granted selected tax advantages to our Amsterdam coffee roasting plant (Starbucks Manufacturing EMEA BV), we are unable to accept the invitation of the European Parliament's Special Committee on Tax Rulings and Other Measures Similar in Nature or Effect.

 

Once this matter has been resolved, and Starbucks is confident that the European Commission's decision will be overturned on appeal, we would be happy to meet.

 

If it assists your information gathering it is worth noting that Starbucks complies with all OECD rules, guidelines and laws and supports its tax reform process, including the Base Erosion and Profit Shifting Action Plan. Starbucks has paid an average global effective tax rate of roughly 33 per cent, well above the 18.5 per cent average rate paid by other large US companies.

 

On the website of TAXE 2 it is also mentioned that TAXE 2 has invited several jurisdictions to an exchange of views with the Members of TAXE 2 Committee to discuss the specific features of the jurisdictions corporate tax system and recent developments both at EU and OECD levels in relation to the issues of tax avoidance, exchange of information and base erosion and profit shifting (BEPS). According to the invitations sent, the jurisdictions are invited for the March 14-15 meeting of TAXE 2. According to the website of TAXE 2 the jurisdictions invited are: Andorra, Cayman Islands, Guernsey, Isle of Man, Jersey, Liechtenstein and Monaco.

 

 

Update:

A live webcast of the meeting of TAXE 2 with representatives of Guernsey and Jersey (March 15, 2016: 15.00 – 18.30 CET) will be available here.

 

 

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