Gide, along with “European Network” firms Cuatrecasas, Chiomenti and Gleiss Lutz, has participated to the breakfast seminar “US multinationals in Europe – Evolving issues in tax controversy” on October 22 in New York.
Prominent tax partners from leading firms shared a European perspective on evolving tax controversy principles and issues across Europe and their impact on U.S. companies operating in Europe.
U.S. multinationals doing business in Europe face a range of new international tax challenges, including a new principal purpose substance test applying under tax treaties covered by the Multilateral Instrument, new digital tax regimes, double tax scenarios resulting from aggressive transfer-pricing audits, modernized anti-avoidance rules, and impactful European Court of Justice decisions (e.g., Danish dividends). Together, these developments have rapidly created a new European tax environment through which U.S. multinationals must navigate carefully.
The following speakers debated on these topics: Gide Loyrette Nouel partner Olivier Dauchez, Chiomenti partner Raul-Angelo Papotti, Cuatrecasas partners Joan Hortalà (Spain) and Pedro Vidal Matos (Portugal), Gleiss Lutz partner Dr. Stefan Mayer, Arthur Cox partner Fintan Clancy, Arendt & Medernach partner Eric Fort, Homburger partner Reto Heuberger and Duff & Phelps Managing Director Patrick McColgan.