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The role of BEPS as an accelerator for corporate capital gains taxation reforms in the European Union

Anu Torkkeli

Anu Torkkeli

Hanken School of EconomicsHelsinki, Finland
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Torkkeli, Anu
 y 
Matti Kukkonen

Matti Kukkonen

Hanken School of Economics
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Kukkonen, Matti
  
11 mar 2021
The role of BEPS as an accelerator for corporate capital gains taxation reforms in the European Union's Cover Image
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Categoría del artículo: Article
Publicado en línea: 11 mar 2021
Páginas: 15 - 28
Recibido: 11 feb 2020
Aceptado: 28 oct 2020
DOI: https://doi.org/10.2478/ntaxj-2020-0002
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© 2020 Anu Torkkeli et al., published by Sciendo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

j_ntaxj-2020-0002_tab_003

Country (Nordic or European Union) Signature (×) Entry into force (×)
Austria × ×
Belgium × ×
Bulgaria ×
Croatia ×
Cyprus × ×
Czech Republic ×
Denmark × ×
Estonia ×
Finland × ×
France × ×
Germany ×
Greece ×
Hungary ×
Iceland (non-EU member state) × ×
Ireland × ×
Italy ×
Latvia × ×
Lithuania × ×
Luxembourg × ×
Malta × ×
Netherlands × ×
Norway (non-EU member state) × ×
Poland × ×
Portugal × ×
Romania ×
Slovakia × ×
Slovenia × ×
Spain ×
Sweden × ×

Comparison of the corporate capital gains taxation models in the Nordic countries (2020)

Denmark Finland Iceland Norway Sweden
Tax rate 22 20 22 22 21.4
Capital gains tax treatment in normal case Ordinary income Ordinary income Ordinary income Ordinary income Ordinary income
Capital gains tax exemption Sale of subsidiary and group shares Sale of shares Sale of shares Sale of shares Sale of business-related shares

j_ntaxj-2020-0002_tab_001

Rule Implementation status
Interest limitation rule (EBITDA rule) Not all Member States have implemented ATAD's EBITDA rule, and there are Member States that instead apply their domestic EBITDA rule. Austria, Ireland and Slovenia do not apply EBITDA rule. Slovakia, Germany and Spain apply a domestic EBITDA rule.
Exit taxation Member States had to introduce exit taxation rules or amend their existing ones in line with ATAD's exit taxation rules by December 31st, 2019. As per authors’ understanding, there are no deviations to the fulfillment of this deadline requirement.
General Anti-Abuse Rule Member States had to implement a GAAR by December 31st, 2018. As per authors’ understanding, there are no deviations to the fulfillment of this deadline requirement.
Controlled foreign company rules Member States shall implement ATAD's CFC rules by December 31st, 2018. Member States that do not apply CFC rules have to introduce ATAD's CFC rules in their tax legislation. France, Spain and Germany did not implement ATAD's CFC rules.
Hybrid mismatches Member States have to implement ATAD II, in principle, by December 31st, 2019. The following Member States have adopted hybrid mismatches:

Draft ATAD II bill: Austria, Croatia, Czech Republic, France, Ireland, Luxembourg, Poland, Portugal, Slovenia, Sweden

Adopted ATAD II bill (application per January 1st, 2020): Belgium, Bulgaria, Denmark, Estonia, Italy, Netherlands, Slovakia
Idioma:
Inglés
Calendario de la edición:
1 veces al año
Temas de la revista:
Negocios y Economía, Gestión empresarial, Derecho empresarial, Economía política, Finanzas públicas y teoría fiscal, Derecho, Historia, filosofía y sociología del derecho, Derecho público, Derecho fiscal y contable
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