Taxand Global Conference 2019 Paris, 15-17 May

Over the past six decades and more the nations of the world, together with and largely through multilateral institutions such as the OECD, have moved to build a global consensus on norms for international taxation. Clearly there have been differences and disputes on how best to move forward and differences in the application of these norms. But in general terms there has been a growing consensus on the norms to be applied, including the rule of law. This has brought increased consistency and coherence for taxpayers, and with it reduced risk, which results in greater efficiencies which benefit us all.

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Update new ruling policy Dutch Ministry of Finance

Introduction and background

Towards the end of 2018, the Dutch Ministry of Finance announced that amendments would be made to the international ruling policy. Background of the new policy is to limit the possibility to obtain a(n) (international) tax ruling in case of tax avoidance, insufficient Dutch nexus and in case of transactions with entities in jurisdictions that are either on the EU-blacklist or are located in designated low-tax jurisdictions. On April 23, 2019, the Dutch Ministry of Finance has informed the Dutch House of Representatives on the status of the proposed amendments and provides further guidance and examples of this new ruling policy. On April 24, 2019 the new ruling policy has been discussed in the House of Representatives (outcome of the discussion is yet unknown) and it is intended to publish the policy prior to July 1, 2019 so it can be implemented on July 1, 2019.