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Political agreement to amend the 2022 Tax Plan: increase headline rate corporate income tax and tightening of the earnings stripping rules
On 21 September 2021, the Dutch Ministry of Finance submitted the 2022 Dutch Budget to parliament, including the Tax Plan 2022. During the following political debates, the coalition parties have reached an agreement resulting into an amendment package to the 2022 Dutch Budget.
FINMA Guideline - Changes of corporate bodies at banks
On 22 September 2021, the Swiss Financial Market Supervisory Authority (FINMA) published guidelines concerning changes in the persons entrusted with the administration and management of Swiss banks (FINMA Guidelines). The FINMA explain the procedure regarding changes of corporate bodies at banks, covering a general overview of the duration and the requirements in this procedure as well as the documents to be submitted.
Listing and distribution of Universal Music Group
Loyens & Loeff advised Vivendi on the listing and distribution of Universal Music Group N.V. (UMG). The shares in UMG started trading on Euronext Amsterdam on 21 September, following which Vivendi distributed 60% of the shares in UMG to its shareholders on 23 September.
Financial Regulatory News Updates - July/August 2021
An overview in which our Banking and Finance Practice Group highlights EU, Dutch, Belgian, Luxembourg and Swiss law updates relevant for the financial regulatory sector which may be of interest to you.
OptiGroup AB acquires Koemans Verpakkingen B.V
Koemans Verpakkingen B.V. is a Netherlands-based packaging specialist offering a wide range of packaging products and services. The company has developed very successfully as a family business, and will continue to be led by Frank Koemans as managing director, together with his brother John Koemans. The company will become part of OptiGroup’s Packaging business area and will continue to operate under its current brand.
Trend report: Shareholder disclosure requirements for related party transactions
How to deal with shareholder disclosure requirements when entering into related party transactions in privately held Dutch companies? Based on recent developments in Dutch case law, this trend report provides practical guidance to help mitigate exposure to litigation challenging such transactions due to shareholder disclosure requirements not being met.
Tax Plan 2022 – Employment tax
On Tuesday 21 September 2021, the Dutch government sent the legislative proposals to the Dutch parliament. In this news flash, we inform you about the legislative proposals in the field of the employment taxes. The Seventh progress letter 'working as a self-employed person' is not part of the legislative proposals. However, given the importance we would like to inform you about it as well.
The four facets of the European Commission’s proposal for a(n) AML/CFT package
On 20 July 2021 the European Commission published the long-awaited package of legislative proposals, in implementation of the Commission Action Plan of 7 May 2020.
Dutch Budget Day: main changes for corporate taxpayers
On 21 September 2021, the Dutch Ministry of Finance submitted the 2022 Dutch Budget to parliament. The Netherlands is currently ruled by a caretaker government. Hence, the Tax Plan 2022 mainly consists of previously announced legislative proposals aimed to be in force as of 1 January 2022. The most relevant proposals for corporate taxpayers are the elimination of double non-taxation through transfer pricing mismatches, the tax liability rules for reverse hybrid entities (EU ATAD2) as well as an extension of related persons to individuals for the hybrid mismatch rules.
Dawn raid: Duty of investigating authority to provide legal information on sealing
According to a recent decision of the Swiss Federal Supreme Court (SFSC), the investigating authority must inform the owner of records and objects seized during a house search about his procedural right to request a sealing of the evidence. This information must be provided in good time and in sufficient detail, in particular if laypersons are involved. In the absence of sufficient information, an owner may not validly waive its right to request the sealing of evidence.
Marathon sells a complex with 2 data centers in Eindhoven to Keppel DC REIT
Loyens & Loeff advised Marathon Asset Management on the disposal of a complex with 2 data centres in De Hurk, the largest business park in Eindhoven.
Geodis acquires plot of land in Venlo for development of XXL logistic campus
Loyens & Loeff advised Geodis on the acquisition of a plot of land at the logistic area Trade Port Noord in Venlo. Geodis intends to develop a 130,000 sq. m. XXL logistic campus, which development is anticipated to commence in early 2022.