The summer consultation season has come to an end but we have been promised an update on developments on the CFC consultation ‘in the next few weeks’. The HMRC proposals on tax treaties anti-avoidance have been dropped following widespread objections.
The ECJ National Grid Indus case looks at the Dutch exit tax rules but may also have implications for other Member States. The European Commission, as widely reported, has published a proposed Directive for a tax on financial transactions. The 2012 Tax Plan has been published in the Netherlands and includes a number of corporate income tax and withholding tax measures.