Strategizing International Tax Best Practices – by Keith Brockman

Posts tagged ‘EUCJ’

LOB: European Commission takes aim

The European Commission has aimed its sights upon the Limitation on Benefits (LOB) provision between Netherlands and Japan.  Netherlands has been asked to change this treaty provision on the grounds that it is incompatible with EU law.

As the LOB provision is widely used in the US treaty network, as well as many other countries, the impact of this recent development may expand exponentially with global ramifications.  Accordingly, this pursuit should be closely followed.

Deloitte’s summary is provided for reference:

http://www2.deloitte.com/nl/nl/pages/tax/articles/european-commission-challenges-lob-in-treaty-with-japan.html

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