International Tax Round-up - February 2020

This publication gives an overview of key international tax developments across the Linklaters network. Please click here to read the publication.
 
Topics include:

International Developments
  • OECD endorses unified approach to taxation of the digital economy
EU Developments
  • Cayman Islands added to the EU list of non-cooperative jurisdictions for tax purposes
  • EU Commission considers the exchange of information on income generated via digital platforms (“DAC7”)
Belgium
  • Cayman Islands – Effects of the addition to the EU blacklist
France
  • Cayman Islands – Effects of the addition to the EU blacklist
  • Update of the French non-cooperative jurisdictions list
  • Supreme Administrative Court – German partnership
Germany
  • Cayman Islands – Effects of the addition to the EU blacklist
  • Cum/Cum – Decision of the Hessian tax court
Italy
  • Cayman Islands – Effects of the addition to the EU blacklist
Luxembourg
  • Cayman Islands – Effects of the addition to the EU blacklist
  • DAC6 – closer to a final bill – exempted professionals
  • Mandatory removal of "inactive" entities from the Trade and Companies Register
Netherlands
  • Cayman Islands – Effects of the addition to the EU blacklist
Portugal
  • State budget law approved
  • ATAD2 and DAC6 Bills of Law
Spain
  • Cayman Islands – Effects of the addition to the EU blacklist
  • Financial transaction and Digital services taxes
Sweden
  • Cayman Islands – Effects of the addition to the EU blacklist
  • Legislative changes – Deferral for payment of withholding tax; New rules on hybrid mismatches
  • Supreme Administrative Court – et al. Repayment of withholding tax to foreign funds; Right to repayment of value added taxes
  • Swedish Tax Agency – Statement regarding Swedish participation exemption
United Kingdom
  • Cayman Islands – Effects of the addition to the EU blacklist
  • Regulations made to implement EU Directive to improve resolution of tax treaty disputes
  • Domestic group relief claims not automatically withdrawn by later cross-border group relief claims

Should there be questions or in case you are interested to further discuss any of the developments, please do not hesitate to contact your local Linklaters tax team.