Danish cases on the use of holding companies for cross-border dividends and interest A new test to disentangle abuse from real economic activity? Susi Baerentzen Electrónico
By: Baerentzen, Susi Hjorth
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Material type: 
ArticlePublisher: 2020Subject(s): SOCIEDADES DE INVERSION | HOLDINGS | OPERACIONES TRANSFRONTERIZAS | DIVIDENDOS | INTERES | IMPUESTOS | DINAMARCA | TRIBUNAL DE JUSTICIA DE LAS COMUNIDADES EUROPEAS | UNION EUROPEA | JURISPRUDENCIA
In:
World Tax Journal v. 12, n. 1, 2020Summary: This article provides a critical analysis of the rulings from the European Court of Justice in six Danish cases on the use of holding companies for cross-border dividends and interest, the so-called “Danish beneficial ownership cases”. The rulings are analysed in light of their unique facts and background to provide a better understanding of their outcome. In particular, the indications of abusive situations as provided by the Court are analysed in the light of economic theory in order to ascertain their meaning and effectiveness in disentangling abusive behaviour from valid business activity. Finally, this assessment is used to substantiate that the subjective element of the abuse test as developed by the Court has developed into an economic assessment to be based on everyday hallmarks of economic standards, rather than a legal assessment.
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Recursos electrónicos | IEF | IEF | WTJ/2020/1-4 (Browse shelf) | Available | WTJ/2020/1-4 |
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Disponible únicamente en formato electrónico.
Resumen.
This article provides a critical analysis of the rulings from the European Court of Justice in six Danish cases on the use of holding companies for cross-border dividends and interest, the so-called “Danish beneficial ownership cases”. The rulings are analysed in light of their unique facts and background to provide a better understanding of their outcome. In particular, the indications of abusive situations as provided by the Court are analysed in the light of economic theory in order to ascertain their meaning and effectiveness in disentangling abusive behaviour from valid business activity. Finally, this assessment is used to substantiate that the subjective element of the abuse test as developed by the Court has developed into an economic assessment to be based on everyday hallmarks of economic standards, rather than a legal assessment.
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