The Resource New tax rules in Denmark - CFC taxation and countermeasures against private equity funds

New tax rules in Denmark - CFC taxation and countermeasures against private equity funds

Label
New tax rules in Denmark - CFC taxation and countermeasures against private equity funds
Title
New tax rules in Denmark - CFC taxation and countermeasures against private equity funds
Creator
Subject
Language
eng
Summary
On 1 June 2007, the Danish Parliament adopted Bill L 213 concerning CFC taxation and countermeasures against private equity funds. One purpose of the new legislation is to harmonize Danish corporate taxation in order to secure a solid and competitive corporate tax base in the future. The new tax rules also aim to bring Denmark's CFC regime into compliance with EC law after the 2006 ruling of the European Court of Justice in Cadbury Schweppes (Case C-196/04). The major part of the legislation deals with the limitations on the interest deduction for companies with considerable interest expenses. This article discusses the limitations on the interest deduction as well as the five other parts which comprise the new legislation
Citation source
In: Bulletin for international taxation. - Amsterdam. - Vol. 61 (2007),
http://library.link/vocab/creatorName
Pedersen, B.M
Geographic coverage
European Union
Language note
English
http://library.link/vocab/subjectName
  • corporate income tax
  • interest deduction
  • private equity
  • depreciation
  • CFC
  • participation exemption
Label
New tax rules in Denmark - CFC taxation and countermeasures against private equity funds
Instantiates
Publication
Label
New tax rules in Denmark - CFC taxation and countermeasures against private equity funds
Publication

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