000			02362nab a2200277 c 4500
999			_c141594 _d141594
003			ES-MaIEF
005			20220825134424.0
007			ta
008			200110t2019 ne ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_967740 _aCuoco, Antonio
245		4	_aThe principal purpose test as introduced by the OECD MLI _bis it time for compromise with EU tax law? _c Antonio Cuoco
260			_c2019
500			_aResumen.
520			_aThe OECD Multilateral Instrument (MLI) introduced the principal purpose test (PPT) as a considerable step forward in counteracting treaty abuse. This article analyses the PPT rule in light of the possible restriction of EU freedoms. The first part analyses the wording, structure, rationale and effect of the PPT rule. Particular attention is paid to the reasonableness test and to the circumstance that the PPT rule introduced by the OECD MLI does not literally incorporate a reference to the genuine activity and the business purpose and, as such, seems to lower the threshold of abuse compared to the CJEU standard. Subsequently, compatibility with EU law is explored via the three-step process as developed under settled case law of the CJEU. An interim conclusion is reached concerning the risk of incompatibility of the PPT rule with EU law. Next, an interpretative effort is made on the basis of a systematic interpretation (1) of the Commentary on the OECD Model (2017) and (2) of recent CJEU case law in order to show that PPT rule may be reconciled with the CJEU standard of abuse and a compromise may be achieved. Finally, the achieved compromise is briefly exemplified having regard to an "quity wall" structure in order to illustrate a fact pattern (different from the clear-cut examples given by the OECD Commentary) that might fall within the scope of the PPT for tax treaty purposes.
650		4	_963564 _aABUSO DE TRATADOS
650		4	_aPREVENCIÓN _954712
650		4	_aCONVENIO MULTILATERAL _967061
650		4	_aCLÁUSULA DEL PROPÓSITO PRINCIPAL _967871
650		4	_aORGANIZACION DE COOPERACION Y DESARROLLO ECONOMICO _947856
650		4	_aINCUMPLIMIENTO DEL DERECHO COMUNITARIO _953911
650		4	_aUNION EUROPEA _947460
773	0		_9161586 _oOP 2141/2019/10 _tIntertax _w(IEF)55619 _x 0165-2826 _g v. 47, issue 10, October 2019, p. 869-884
942			_cART