Belgium and the era of international taxation
Currently, in practice, states agree to share taxation powers by means of international conventions that prevent double imposition. A state can also adopt unilateral measures which can, however, undermine its bargaining position with regard to negotiations with its partners. In Belgium, nearly 80 agreements have been signed and are in force (from France to the United States, India and the Philippines), while around 35 others have been signed but are not yet in force or are still at the negotiation stage. “Not bad for a small country”! Towards a Common funding pot?Is this a first step towards a future single European fiscal policy? “Because countries are having difficulty sharing the spoils, the idea of attributing the revenue of the tax to the European Union has been suggested. But it does not seem to be on the agenda”. More generally, the different states are not in favor of this “CCCTB” project. No country wants to run the risk of receiving less tax income than before. Nor does any country want to sacrifice the instruments it uses to separate itself from its neighbors and boost its economy. Like notional interest, a specificity which is 100% Belgian came into effect in 2006 to replace the coordination centers that appeared in the 1980s and which aimed to attract multinationals by offering them favorable tax rates on the agreement that they set up their financial headquarters in our country. The coordination centers tax regime was condemned by Europe which qualify it as prohibited state aid. An alternative needed to be found which could apply to all companies while remaining attractive for international financial centers established in our country. The technique of notional interest makes it possible to reach these objectives. |
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© 2007 ULi�ge
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