France: the Nestlé case — a first incursion in the business restructuring arena by the FTA
In its decision dated 11 May 2011, the Administrative Court of Paris ruled that a transfer of a cash pooling activity from a French company managing the cash pool to a foreign entity belonging to the same group without compensation was deemed to be an indirect transfer of benefits on the ground of article 57 of the French Tax Code. The judge confirmed the tax reassessment carried out by the French Tax Authorities (FTA). Even though this case is a first-level court’s decision, and an appeal has been lodged by the taxpayer, it remains an interesting illustration of the recent positions adopted by the FTA regarding cross-border transfers of activities/functions.
Click on the link above to download the briefing from Olswang.
News from The Lawyer
Analysis from The Lawyer
At the time of its launch Accutrainee was described as a revolutionary change to the training model. Has it proved to be so? Not really.
The culture of compliance that pervaded regulation in the past is giving way to a fresh principles-based approach