Store International From Marks & Spencer to X Holding. The Future of Cross-Border Group Taxation
From Marks & Spencer to X Holding. The Future of Cross-Border Group Taxation by

From Marks & Spencer to X Holding. The Future of Cross-Border Group Taxation

Edited by Dennis Weber, Bruno Da Silva


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Group taxation – special schemes according to which a group of companies meeting certain requirements may be assimilated for tax purposes to a single company – exists in several European Member States and is now under consideration in an EU proposal concerning a common consolidated corporate tax base (CCCTB). Its rationale as a potential EU tax regime has arisen from a series of high-profile ECJ cases concerning cross-border tax relief claims – decisions which have been criticized for lack of clarity and for breach of freedom of establishment (Article 49 TFEU). Group taxation has now become one of the most intensively debated issues in EU tax law. The papers collected in this timely book derive from an ACTL Seminar held at Amsterdam in April 2010. The thirteen authors are either well-known practitioners from major law firms and accounting firms, or noted European tax scholars, or both. Among the central issues covered in the book are the following:

  • the underlying tax obstacles which exist for companies operating in more than one Member State;
  • potential for tax avoidance;
  • prevention of double use of losses (the ‘no possibilities’ test);
  • disadvantages that arise as a consequence of the parallel exercise of fiscal sovereignty;
  • the concept of ‘balanced allocation of taxing powers’;
  • meaning of ‘final losses’;
  • the ‘Bosal fix’;
  • cash-flow disadvantages of having to carry losses forward;
  • deduction of currency losses;
  • deduction-and-recapture rules;
  • and VAT grouping.

Last Updated 08/09/2011
Update Frequency As Needed
Product Line Kluwer Law International
ISBN 9789041133991
SKU 10059141-0001
Table of Contents


Chapter 1 From Marks & Spencer to X Holding : A (Critical) Overview and Some Open Issues Bruno da Silva

Chapter 2 Eight Points as to Why the X Holding Judgment Is Incorrect Dennis Weber

Chapter 3 X Holding : A Denial of Justice Servaas van Thiel

Chapter 4 X Holding: Looking beyond Loss Relief Issues Joachim Englisch

Chapter 5 The Marks & Spencer Group Relief Litigation: The No Possibilities Test Paul Farmer & Alison Last

Chapter 6 Philips Electronics UK Ltd v. HMRC : Host State Restrictions on Use of Host State Losses Rupert Shiers

Chapter 7 X Holding, the Morning after in the Netherlands Thies Sanders

Chapter 8 From Bosal Holding to X Holding : The Future of Tax Base Protection in the Netherlands Otto Marres

Chapter 9 Denmark: Joint Taxation Arne Møllin Ottosen and Michael Nørremark

Chapter 10 Cross-Border VAT Grouping Gert-Jan van Norden

Chapter 11 The Future of Group Taxation: The CCCTB Jan van de Streek

Chapter 12 Report of the Seminar From Marks & Spencer to X Holding : The Future of Cross-Border Group Taxation Bruno da Silva

Appendix Most Important Judgments of the Court of Justice Related with Group Taxation.