000			01934nab a2200289 c 4500
003			ES-MaIEF
005			20190816110636.0
007			ta
008			190620s2019 ne ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_962465 _aBoulogne, G. F.
245		0	_aDebt push-downs in times of BEPS Action 4 and the ATAD _c G. F. Boulogne
260			_c2019
500			_aResumen.
520			_aDebt push-downs are a common feature of mergers and acquisitions transactions. This article addresses a key concern raised by debt-push downs: the decrease in the target company's taxable income (through the interest deduction) is often not paired with any increase in taxable income. Given this concern, the article discusses the Dutch approach of discouraging debt push-downs, whereby a specific measure was abolished on 1 January 2019 in light of the implementation in Dutch law of the earnings stripping measure contained in the Anti-Tax Avoidance Directive (ATAD); a rule that reflects the BEPS Action 4 recommendations. The author examines more general questions: (1) How do debt push-downs fit within the policy notions underlying BEPS Action 4? (2) Does the new earnings-based approach take away the concerns raised by them? (3) Does the ATAD require Member States to take action against debt push-downs? The article concludes with an outlook on the ability of multinational corporations to push down debt in current times.
650		4	_948454 _aSOCIEDADES
650		4	_940471 _aCONCENTRACION
650		4	_956582 _aDEUDORES Y ACREEDORES
650		4	_948220 _aREDUCCION
650		4	_963148 _aEROSIÓN DE LA BASE IMPONIBLE Y TRASLADO DE BENEFICIOS
650		4	_948158 _aPROGRAMAS
650		4	_aFISCALIDAD INTERNACIONAL _944303
650		4	_943410 _aELUSION FISCAL
773	0		_9160529 _oOP 2141/2019/5 _tIntertax _w(IEF)55619 _x 0165-2826 _g v. 47, n. 5, May 2019, p. 444-453
942			_cART
999			_c140787 _d140787