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Belgium - Cash Drain Transactions and Tax Deductibility of Certain Expenses

Country:
Belgium
Author:
C.Y. Lai; K. Lievens
Issue:
Derivatives & Financial Instruments, 2011 (Volume 13), No 2
Published:
31 March 2011
The Belgian tax authorities have had increasing success in challenging perceived abusive foreign tax credit schemes. This article considers the current state of those challenges, as well as a recent decision of the Brussels Court of First Instance involving a foreign tax credit scheme and the deductibility of certain expenses and losses.
 
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