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

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
Creator
Subject
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
Instantiates
Publication
Label
Deduction allowed for notional interest : how the centre of Europe became an interesting tax location
Publication

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