Recent developments in EU tax law and in European Court of Justice, decisions have resulted in some concrete opportunities for multi-national businesses to save tax, particularly around withholding tax suffered within Europe. Mr. Douma talked about some of these cash-saving opportunities.
He spoke about three main topics: basics of EU Law, EU policy outlook, and case law update. Firstly, he emphasized that the aims of EU were establishment of an internal market and fair competition, which can be achieved especially through positive harmonization.
Secondly, he also mentioned the Monti report (Towards a Single Market Act - a new strategy for the single market), which was issued in May 2010, CCCTB (Common Consolidated Corporate Tax Base), and Code of Conduct Group (Business Taxation).
Lastly, he gave a few case law examples from: withholding taxes, transfer prices, carry-forward of tax credits, loss relief, exit taxation, anti-abuse legislation, and interest deduction.
Special thanks to our sponsor PricewaterhouseCoopers d.o.o..