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European State Aid: The Makings of A Global Trade War

European State Aid: The Makings of A Global Trade War

This month, we reminisce on the best of 2016, with articles on the brewing transatlantic trade war disguised as European Commission attacks on illegal State Aid given to U.S.-based groups.

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The 2016 U.S. Model Income Tax Treaty

The 2016 U.S. Model Income Tax Treaty

On February 17, 2016, the U.S. Treasury Department released its 2016 Model Treaty. This month, as we reminisce on the best of 2016, we review significant revisions to the baseline text from which the U.S. initiates treaty negotiations.

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E.U. State Aid – The Saga Continues

For several years, the European Commission has been on a mission to raise on a retroactive basis the income tax of large corporations that received favorable tax rulings from national authorities. Using as its tool the rules prohibiting State Aid, the Commission has gone after Fiat Chrysler, McDonald’s, Starbucks, and others.  Christine Long and Beate Erwin explore the Commission’s latest push and the outcry it is causing on both sides of the Atlantic.  Luxembourg and the Netherlands have appealed recent rulings and the mood in Washington, D.C. is chilly, at best.

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U.S. Tax Residency Certification and Spanish Withholding Tax: Early Application Recommended

Global taxpayers live in a process driven world. It is not enough to be correct when claiming a benefit, the paperwork must be completed.  In a detailed article on proper procedure, Beate Erwin and Christine Long explain that U.S. persons claiming treaty tax benefits with regard to payments from Spanish entities face two hurdles. First, they must meet the treaty qualification tests under the limitation on benefits article. Second, they must obtain a U.S. Tax Residency Certification from the I.R.S. before payment is met.

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On the Blacklist – Is Delaware a Tax Haven?

One of the fallouts of the Panama Papers is a European call for a blacklist of countries that fail to meet the O.E.C.D. C.R.S. standards.  The European Parliament and several E.U. Member States contend that if the U.S. should be declared a tax haven and added to the European Commission’s new blacklist if it does not implement the C.R.S. and B.E.P.S. Project recommendations.  Are these contentions based on fact or on political agenda?  Christine Long and Beate Erwin explain a trend that that is inching towards an outright trade war.

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