European Commission opens State aid investigation into Luxembourg’s tax treatment of Huhtamäki
On 7 March 2019, the European Commission (EC) announced the opening of an in-depth State aid investigation in a number of tax rulings granted by Luxembourg to Huhtamäki. This decision is another important decision in a range of decisions dealing with the taxation of intra-group financing activities. A brief explanation of the decision can be found
Constitutional Court rules: different tax treatment of capital reduction is not discriminatory
On 19 February 2015, the Belgian Constitutional Court ruled that the tax treatment of income from a capital reduction in the hands of a Belgian company is not discriminatory, compared to the tax rules applicable to such income in the hands of a Belgian private individual. In the case at hand, a Belgian company had acquired
Draft bill – various tax and financial measures
Draft bill – various tax and financial measures Recently, the government approved a draft bill laying down various tax and financial provisions. The proposed measures constitute a part of the budgetary action agreed by the Government and can be summarised as follows: Simplification of the Belgian personal tax system: deductible expenses will become tax reductions.
