International Tax Course Course Outline

Transcrição

1 Prtugal Tax - Internatinal Internatinal Tax Curse Curse Outline Prgramme I. Intrductin, bjectives f the Curse and basic cncepts (3 hurs) a. Intrductin and bjectives f the Curse Intrductin t internatinal tax planning Pragmatic apprach cncepts fr future use Discussin f the main instruments and structures Discussin and exchange f pinins b. Basic Cncepts Tax planning versus tax fraud and tax evasin Tax avidance Fraud Simulatin Abuse f law Definitin f internatinal tax planning and its limits The issue f internatinal duble taxatin Internatinal tax law and applicatin cnflicts Relatin between internal and internatinal surces Subjective and bjective incidence Territriality Hierarchy f tax rules Cnnecting elements Subjective Objective Sme relevant cncepts Base cmpanies Hlding cmpanies Service cmpanies Trading cmpanies Other Treaty shpping Dual cmpanies Recmmended bibligraphy: Jnes, Jhn F. Avery (et al.), Tax Law: Rules r Principles, in Fiscal Studies, Vl. 17, n.º 3, 1996;

2 Pereira, Paula Rsad, Princípis d Direit Fiscal Internacinal D Paradigma Clássic a Direit Fiscal Eurpeu, Almedina, 2010; Rhatgi, Ry, Basic Internatinal Taxatin, Lndres, 2002; Santiag, Brun, O princípi da nã-discriminaçã n cruzament d Direit Fiscal Internacinal cm Direit Fiscal Cmunitári, in Caderns de Ciência e Técnica Fiscal, 207, 2009;Xavier, Albert, Direit Tributári Internacinal, Almedina, 2007; II. Internatinal tax law surces (6 hurs) a. Internal Prtuguese rules Intrductin Withhlding tax versus final taxatin The cncept f residence Rules with relevance t nn-residents: Prperty incme Capital gains Interest Ryalty Dividends Emplyment incme Rendering f services Other b. OECD Mdel Tax Cnventin Origins and relevance UN Mdel and US Mdel Rle f Cmmentaries t the OECD Mdel Tax Cnventin Structure f OECD Mdel Cnventin Definitins Persns cvered Residence Permanent establishment Taxatin rules Business prfits/permanent establishment Capital incme Dividends Interest Ryalties Incme frm emplyment Pensins Capital gains Dependent Artists and sprtsmen Incme frm immvable prperty

3 Other incme Capital Methds fr eliminatin f duble taxatin Exemptin methd (full r prgressive) Credit methd (full r rdinary) Credit fr the tax suffered Matching credit and tax sparing Other rules c. EU Directives Parent-Subsidiary Directive Merger Directive Interest and Ryalties Directive Savings Directive Other d. Madeira Free Zne Main aspects f the regime Legislatin and framewrk Evlutin and future Use f Madeira Free Zne in peratins f internatinal tax planning Recmmended bibligraphy: Baker, Philip, Duble Taxatin Cnventins, Sweet & Maxwell, 2004; Gusmerli, Michele Triangular Cases and the Interest and Ryalties Directive: Untying the Grdian Knt?, in Eurpean Taxatin IBFD PUBS, 2005; Herédia, Jã, The Case f the Madeira: Prtugal v Netherlands, in Intertax, KLUWER TAX PUBS, 2002; Neves, Tiag Cassian, A Revisã de 2008 da Cnvençã Mdel da OCDE, in Revista de Finanças Públicas e Direit Fiscal, 2 An III, 07 10;Rcha, Miguel Leónidas / Ricard Jrge Almeida, O mecanism da eliminaçã da dupla tributaçã internacinal particularidades, in Revista de Finanças Públicas e Direit Fiscal, 3 An II, 10, 09, Almedina; Vgel, Klaus, On duble taxatin cnventins - A cmmentary t the OECD, UN and US Mdel Cnventins fr the avidance f duble taxatin f incme and capital, Vl. I e II, 1991; Vgel, Klaus, The Influence f the OECD Cmmentaries n Treaty Interpretatin, in Bulletin fr Internatinal Fiscal Dcumentatin, IBFD PUBS, 2000; Teixeira, Manuela Dur, A Determinaçã d Lucr Tributável ds Estabeleciments Estáveis de Nã Residentes, Almedina, 2007;Xavier, Albert, Direit Tributári Internacinal, Almedina, 2007; OECD Mdel Tax Cnventin n Incme and n Capital, OECD, 2010 III. Anti-abuse measures / Ecnmic substance (in crdinatin with Transfer Pricing) (2 hurs)

4 Intrductin and histrical evlutin The Prtuguese legislative develpment Anti-abuse general rule Principle f substance ver frm and cncept f fraud t law Rules related with blacklisted jurisdictins CFC (Cntrlled Freign Cmpany) rules Autnmus taxatin and nn-deductibility Ministerial Order 150/2004, f 13 February) Thin capitalisatin rules Transfer pricing rules General rules and scpe Transfer pricing methds Multilateral Arbitratin Cnventin Advance Pricing Agreements Other anti-abuse measures fr specific structures and peratins Recmmended bibligraphy: Câmara, Francisc de Susa da, CFC Taxatin, in Internatinal Bureau f Fiscal Dcumentatin, Eurpean Taxatin, January 1996; Mrais, Rui Duarte, Imputaçã de lucrs de sciedades nã residentes sujeitas a um regime fiscal privilegiad, Lisba, Publicações Universidade Católica, 2005; Crdewener, Alex, EU: Cmpany Taxatin, Crss-Brder Financing and Thin Capitalizatin in the EU Internal Market: Sme Cmments n Lankhrst-Hhrst, in Eurpean Taxatin, IBFD PUBS, 2003; Thöemmes, Otmar, CFC Legislatin and EC Law, in Intertax, 2003; Wiggins, Laurie / Mats, Patrícia, Transfer Pricing rules a Prtuguese perspective, in Tax Planning Internatinal Transfer Pricing, BNAI, 2005; Transfer Pricing Guidelines fr Multinatinal Enterprises and Tax Administratins, OECD, 2010 IV. Instruments and structures f internatinal tax planning / Examples f the mst used structures and vehicles n internatinal tax planning (4 hurs) a. Instruments and structures f internatinal tax planning Intrductin and histrical evlutin Objectives and framewrk factrs Mst cmmn practices and instruments b. Structures and vehicles mst used n internatinal tax planning Outward investment Inward investment Hlding cmpanies IP structures Financing structures

5 Recharacterizatin f financial flws Treaty shpping Trusts Trading cmpanies Glbal management cmpanies Use f ffshre/tax heavens Recmmended bibligraphy: Baker, Philip, Duble Taxatin Cnventins, Sweet & Maxwell, 2004; Rhatgi, Ry, Basic Internatinal Taxatin, Lndres, 2002; Xavier, Albert, Direit Tributári Internacinal, Almedina, 2007; V. Case study (2 hurs) VI. Wrap-up and cnclusins (1 hur)