February 22, 2016 - 1:00 pm
February 22, 2016 - 6:30 pm
AddressJones Day Washington Office, 300 New Jersey Avenue NW, Washington DC 20001 View map
In 2013, in response to concerns that certain EU Member States were issuing favorable tax rulings to multinationals in order to attract foreign direct investment in violation of EU competition rules, the European Commission commenced State Aid investigations. In the meantime, the Commission has concluded that a Dutch ruling, a Luxembourg ruling and Belgian rulings obtained by at least 35 companies constitute illegal State Aid, while investigations on tax rulings involving other large U.S. multinationals are ongoing and the Commission is reportedly reviewing an additional 300 rulings. These developments demonstrate the continued relevance of State Aid control in the EU action against purported harmful tax competition and corporate tax avoidance.
This program gathered together key public officials, academics and private practitioners to discuss the most recent issues concerning the application of State aid rules to tax measures. The program will include discussions on the State aid rules and procedures, the impact of the Commission’s investigation on global tax planning and U.S. GAAP accounting, the possible U.S. response to the investigation and best practices for U.S. multinationals in the cross-hairs of the investigation.
Featured speakers included:
Karl Soukup, Director, Directorate General Competition, European Commission
Robert Stack, U.S. Department of the Treasury, Deputy Assistant Secretary, International Tax Affairs (Tax Policy), Washington
Itai Grinberg, Associate Professor of Law, Georgetown University Law Center
Event photos are here.
Please contact Maura Jochum (firstname.lastname@example.org) with any questions.
Georgetown Law and IIEL were pleased to co-sponsor this event with Jones Day and FTI Consulting.