The European Commission has formally requested France to amend provisions which allow investments in new residential property situated in France to benefit from accelerated depreciation, but do not allow the same for similar investments abroad. The Commission considers such provisions to be incompatible with the free movement of capital, a fundamental principle of the EU’s […]
EU tax news
IP/11/160 – Taxation: Commission requests France to amend discriminatory tax rules for investments in residential property to let
The European Commission has formally requested France to amend provisions which allow investments in new residential property situated in France to benefit from accelerated depreciation, but do not allow the same for similar investments abroad. The Commission considers such provisions to be incompatible with the free movement of capital, a fundamental principle of the EU’s […]
IP/11/159 – Taxation: Commission requests Belgium to amend its provision on taxation of gifts of real estate in Brussels
The European Commission has formally requested Belgium to change the provision of the Inheritance Tax Code of the Brussels Capital Region which provides for a reduced rate applicable to taxation of gifts of real estate in the Brussels Capital Region because to qualify the person has to live in Brussels for at least five years. […]
IP/11/158 – Taxation: Commission requests UK to amend two anti-abuse tax regimes
The European Commission has formally requested the United Kingdom to amend two discriminatory anti-abuse tax regimes which concern the transfer of assets abroad and attribution of gains to members of non-UK resident companies. The requests take the form of Reasoned Opinions (the second step of an infringement procedure). In the absence of a satisfactory response […]
IP/11/158 – Taxation: Commission requests UK to amend two anti-abuse tax regimes
The European Commission has formally requested the United Kingdom to amend two discriminatory anti-abuse tax regimes which concern the transfer of assets abroad and attribution of gains to members of non-UK resident companies. The requests take the form of Reasoned Opinions (the second step of an infringement procedure). In the absence of a satisfactory response […]
Taxation: Anti-fraud network EUROFISC starts operational work
Anti-fraud experts from the EU’s 27 national tax administrations convene on 7 and 8 February in Paris in the framework of EUROFISC. This will be the launch of the first EUROFISC working field, soon to be followed by three others. EUROFISC is a mechanism provided for Member States to enhance their administrative cooperation in combating […]