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On October 7, 2021 the Irish Minister for Finance, Paschal Donohoe, has received Government approval to join the international agreement to reform the international tax rules to address the challenges arising from the digitalisation of the global economy.
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During its plenary session of October 7, 2021, the European Parliament (EP) outlined its priorities for reforming EU policy on harmful tax practices as well as a blueprint for a new system to assess national tax policies. During this session the EP also adopted a resolution on reforming the EU policy on harmful tax practices (including the reform of the Code of Conduct Group).
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On October 5, 2021 the European Union (EU) announced the inclusion of Hong Kong in its watchlist on tax co-operation as it considered that the non-taxation of certain foreign sourced passive income in Hong Kong might lead to situations of "double non-taxation". The Government of the Hong Kong Special Administrative Region (HKSAR) responded to media enquiries on the announcement. Below you will find the text that was published on October 5, 2021 the website of the Hong Kong Inland Revenue.
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On October 6, 2021 on the website of the Court of Justice of the European Union (CJEU) the opinion of Advocate General H. Saugmandsgaard Øe in Case C-342/20, Veronsaajien oikeudenvalvontayksikkö (Exonération des fonds d’investissement contractuels) (ECLI:EU:C:2021:823), was published.
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On October 6, 2021, on the website of the Court of Justice of the European Union (CJEU) several judgments of the CJEU on the matter whether or not the Spanish tax rules on the amortisation of financial goodwill classify as State aid incompatible with the internal market. These judgments are published under the case numbers ECLI:EU:C:2021:792 (Case C‑50/19 P, Sigma Alimentos Exterior SL versus European Commission), ECLI:EU:C:2021:793 (Joined Cases C‑51/19 P (World Duty Free Group SA, formerly Autogrill España SA versus European Commission) and C‑64/19 P (Kingdom of Spain versus European Commission)), ECLI:EU:C:2021:794 (Case C‑52/19 P, Banco Santander SA versus European Commission), ECLI:EU:C:2021:795 (Joined Cases C‑53/19 P (Banco Santander SA and Santusa Holding SL versus European Commission) and C‑65/19 P (Kingdom of Spain versus European Commission)), ECLI:EU:C:2021:796 (Case C‑56/19 P, Axa Mediterranean Holding SA versus European Commission) and ECLI:EU:C:2021:797 (Case C‑55/19 P, Prosegur Compañía de Seguridad SA versus European Commission).
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Op 4 oktober 2021 is op de website van de Rechtspraak de uitspraak gepubliceerd van de Rechtbank Noord-Nederland, in de zaak LEE 20/1169, (ECLI:NL:RBNNE:2021:4174). Een BV heeft bij notariële akte de deelnemingen waarin haar operationele activiteiten plaatsvonden afgesplitst naar een nieuw opgerichte vennootschap. Bij dezelfde akte heeft die BV een registergoed afgesplitst naar eiseres. Tussen partijen is in geschil of op de verkrijging van dat registergoed door eiseres de splitsingsvrijstelling van artikel 15, eerste lid, onderdeel h van de WBR en artikel 5c van het UBBR van toepassing is. De eerste vraag die daarbij moet worden beantwoord, is de vraag of de beide in de akte geregelde afsplitsingen als één geheel moeten worden beschouwd, of dat die beide afsplitsingen afzonderlijk moeten worden getoetst aan de geldende voorwaarden voor de splitsingsvrijstelling. Daarna dient beoordeeld te worden of aan de voorwaarden voor de splitsingsvrijstelling is voldaan.
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On October 5, 2021, during its ECOFIN meeting the Council of the EU decided to remove Anguilla, Dominica and Seychelles from the EU list of non-cooperative jurisdictions for tax purposes. All three had previously been placed on the list because they did not meet the EU’s tax transparency criteria of being ranked as at least ‘largely compliant’ by the OECD Global Forum regarding the exchange of information on request. As a result, nine jurisdictions remain on the EU list of non-cooperative jurisdictions: American Samoa, Fiji, Guam, Palau, Panama, Samoa, Trinidad and Tobago, US Virgin Islands and Vanuatu.
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