Tax Connect | Increasing budget requirements of European countries - implications for taxpayers

Since Summer 2011, we have witnessed an unprecedented sovereign debt crisis in Europe. A highly tense G20 summit and some fifteen European summits seem to have stabilised the situation in financial terms. However, the cost of this stabilisation has been the introduction of austerity plans in many European states. Taxpayers throughout Europe are therefore faced with a general increase in a range of taxes such as corporation tax, income tax and VAT.

The new CMS Tax Connect Guide considers the medium and long-term repercussions of these developments for European tax law (mutual assistance directive and CCCTB), and the consequences, for European taxpayers, of increased tax pressure in two particular areas (finance and real estate). Specifically, the guide covers the following:

• Mutual assistance in tax collection in the European Union - consequences for taxpayers?
• The Common Consolidated Corporate Tax Base: what does the future hold?
• Tax-efficient cross-border finance structures: opportunities and constraints
• Real estate acquisition structures in Europe: the main tax issues

The new CMS Tax Connect is available in English and in French.

For more information on our tax capacity, please contact your dedicated CMS tax lawyer.