International Tax News - June 2013

NEW TAX TREATY BOOSTS NETHERLANDS FOR INBOUND CHINESE INVESTMENT

By Paulus Merks and Stephanie van der Schaft

The Netherlands and China have signed a new tax treaty, which, combined with the already highly attractive Netherlands holding regime, seeks to make the Netherlands the inbound and through-bound jurisdiction of choice for Chinese investment.

The new treaty will replace the current tax treaty (dating back to 1987) on January 1, 2014.

The expansion and improvement of the already extensive and high-quality Dutch treaty network is clearly a priority of Dutch State Secretary of Finance Frans Weekers.

Learn more.


GERMANY: CONCILIATION COMMITTEE PROPOSES FAR-RANGING COMPROMISE REGARDING TAX ISSUES

By Martin Heinsius, Falko Tappen and Heinz Zimmerman

After months of deliberations, Germany’s conciliation committee has proposed a far-ranging compromise regarding the Tax Act 2013.

The compromise encompasses proposed amendments of tax provisions in the Act as well as regulations aimed at preventing specific avoidance structures relating to real estate transfer tax. The so-called RETT blocker for real estate transfer tax would be abolished under this compromise.

Learn more.


ITALY CLARIFIES TAX LAWS RE INTERNATIONAL AIR CARRIERS

By Antonio Tomassini and Carlotta Benigni

Italy’s tax authorities are further clarifying the ways that international air carriers will be subject to Italian tax.

The clarifications depend on such issues as the carrier’s legal seat and the existence of a tax treaty between Italy and the state where the carrier is resident for legal purposes.

Learn more.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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