European Union - The Freedom of Establishment and Recapture of PE Losses under the Merger Directive

• Autores: Marjon den Toom, Harm van den Broek
• Localización: European taxation, ISSN 0014-3138, Vol. 58, Nº. 2-3, 2018, págs. 63-72
• Idioma: inglés
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• Resumen

  • Recent ECJ case law addresses situations in which PE losses are recaptured at the head office level following a cross-border reorganization pursuant to which a PE is wound up or transferred to a different company. This article examines whether the recapture rule, under article 10(1) of the Merger Directive (2009/133), restricts the freedom of establishment and, if so, whether a justification applies. Does a recapture go beyond what is necessary to attain the objectives pursued?