Publication
GCR Guide to Data & Antitrust – Competition law and data
Miranda Cole and Francesco Salis from our Brussels office are the authors of a chapter on the evolving view of data in the application of competition law.
Global | Publication | May 2018
Luxembourg has introduced new disclosure requirements for Luxembourg companies that enter into transactions with related parties resident in a territory listed on the EU list of non-cooperative jurisdictions for tax purposes. The measures, which have immediate effect, are set out in Circular L.G. - A n° 64 issued on 7 May 2018 and respond to the anti-base erosion agenda.
The new measures require companies to inform the tax authorities when filing their tax returns if they have entered into transactions with related parties resident in non-cooperative territories for example, Bahamas, Trinidad & Tobago and US Virgin Islands.
In addition to this basic reporting requirement, companies are required to prepare a file containing details of the transactions in question, such as income and expenses as well as a statement of receivables and liabilities outstanding with the related party. The file should be kept at the registered office of the company and must be made available on request to the tax authorities as part of a review of the tax return or an on-site inspection.
Finally, and in addition to the specific reporting requirements, the Circular also states that the tax affairs of companies engaged in such transactions will be subject to enhanced levels of scrutiny. Cross-border structures involving Luxembourg holding companies should therefore be reviewed to determine what action needs to be taken.
Publication
Miranda Cole and Francesco Salis from our Brussels office are the authors of a chapter on the evolving view of data in the application of competition law.
Publication
Miranda Cole, Lara White and Christoph Ritzer from our Brussels, London and Frankfurt offices are the authors of a chapter on how the interplay between competition and privacy law is affecting online advertising.
Publication
Unannounced inspections by competition authorities, usually called “dawn raids”, are undoubtably one of the most efficient tools for collecting evidence and enforcing competition rules. They are also an area where investigators test (and sometimes exceed) the boundaries of companies’ procedural rights.
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