The Resource Belgium's new CFC rule : the 'Cayman tax'

Belgium's new CFC rule : the 'Cayman tax'

Label
Belgium's new CFC rule : the 'Cayman tax'
Title
Belgium's new CFC rule : the 'Cayman tax'
Creator
Subject
Language
eng
Summary
The Belgian Federal Parliament recently adopted a new controlled foreign corporation (CFC) provision, known as the "Cayman tax", that allows Belgian tax authorities to look through low-taxed offshore structures to directly tax their Belgian resident founders and third-party beneficiaries on the structure's income. Belgium's introduction of the Cayman tax is in line with the international trend toward increased scrutiny of offshore legal structures that are merely aimed at lowering the tax burden of the founders or controlling shareholders. The Cayman tax may face practical issues, however, and it is unclear how it will interact with international tax principles and European Union law
Citation source
In: Tax notes international. - Falls Church. - Vol. 80 (2015),
http://library.link/vocab/creatorName
  • Smet, G
  • Derouck, V
Geographic coverage
  • European Union
  • Europe
Language note
English
http://library.link/vocab/subjectName
  • CFC
  • tax haven
  • looking through
  • anti-avoidance
Label
Belgium's new CFC rule : the 'Cayman tax'
Instantiates
Publication
Label
Belgium's new CFC rule : the 'Cayman tax'
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.37366609999999 4.9336932
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