The Resource Deduction allowed for notional interest : how the centre of Europe became an interesting tax location
Deduction allowed for notional interest : how the centre of Europe became an interesting tax location
Resource Information
The item Deduction allowed for notional interest : how the centre of Europe became an interesting tax location represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.This item is available to borrow from 1 library branch.
Resource Information
The item Deduction allowed for notional interest : how the centre of Europe became an interesting tax location represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.
This item is available to borrow from 1 library branch.
- Summary
- In 2005, Belgium introduced a unique system of a deduction for risk capital (notional interest deduction, NID) by means of the Law of 22 July 2005 and the Royal Decree of 17 September 2005. In addition, in order to eliminate another burden for new and further investments in Belgium, the capital duty on capital contributions to Belgian companies has been abolished. This in-depth article discusses the reasons for the introduction of the NID and comprehensively analyses the various aspects of this regime. The abolition of the capital duty and the compensating measures necessary to guarantee budgetary neutrality is also addressed in detail. In addition, the article considers various other interesting tax features that may increase the attractiveness of the NID regime, as well as possible adverse tax consequences of foreign controlled foreign company (CFC) regimes. Finally, the authors present some NID practical applications
- Language
- eng
- Label
- Deduction allowed for notional interest : how the centre of Europe became an interesting tax location
- Title
- Deduction allowed for notional interest : how the centre of Europe became an interesting tax location
- Language
- eng
- Summary
- In 2005, Belgium introduced a unique system of a deduction for risk capital (notional interest deduction, NID) by means of the Law of 22 July 2005 and the Royal Decree of 17 September 2005. In addition, in order to eliminate another burden for new and further investments in Belgium, the capital duty on capital contributions to Belgian companies has been abolished. This in-depth article discusses the reasons for the introduction of the NID and comprehensively analyses the various aspects of this regime. The abolition of the capital duty and the compensating measures necessary to guarantee budgetary neutrality is also addressed in detail. In addition, the article considers various other interesting tax features that may increase the attractiveness of the NID regime, as well as possible adverse tax consequences of foreign controlled foreign company (CFC) regimes. Finally, the authors present some NID practical applications
- Citation source
- In: Derivatives and financial instruments. - Amsterdam. - Vol. 8 (2006),
- http://library.link/vocab/creatorName
-
- Bombeke, G
- Frenckell, E. von
- Geographic coverage
-
- European Union
- Europe
- Language note
- English
- http://library.link/vocab/subjectName
-
- interest deduction
- notional interest deduction
- risk capital
- CFC
- Label
- Deduction allowed for notional interest : how the centre of Europe became an interesting tax location
- Label
- Deduction allowed for notional interest : how the centre of Europe became an interesting tax location
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/Deduction-allowed-for-notional-interest--how-the/k4eWbjggH98/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/Deduction-allowed-for-notional-interest--how-the/k4eWbjggH98/">Deduction allowed for notional interest : how the centre of Europe became an interesting tax location</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/Deduction-allowed-for-notional-interest--how-the/k4eWbjggH98/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/Deduction-allowed-for-notional-interest--how-the/k4eWbjggH98/">Deduction allowed for notional interest : how the centre of Europe became an interesting tax location</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
