FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: The Luxembourg authorities claimed it was impossible to draw up such a list because exempt 1929 holding companies were not subject to administrative authorisation. (47) Lastly, on the issue of the existence of a legitimate expectation on the part of beneficiaries of the exemption scheme justifying the adoption of transitional measures in the event of a negative final decision, the Luxembourg authorities observed that the abolition of the exempt 1929 holding companies scheme would have such an impact on Luxembourg's tax system that the expectations of operators acting under the scheme would have to be protected.
Dutch: Wat ten slotte het bestaan van een eventueel gewettigd vertrouwen van de begunstigden van de vrijstellingsregeling betreft dat de vaststelling van overgangsmaatregelen rechtvaardigt in de hypothese van een negatieve eindbeslissing, hebben de Luxemburgse autoriteiten opgemerkt dat de eventuele afschaffing van de regeling van de vrijgestelde 1929-holdings een zodanige impact op het belastingstelsel van Luxemburg zou hebben dat het vertrouwen van de marktdeelnemers die in het kader van deze regeling actief zijn, zou moeten worden beschermd.
English: Secondly, according to the Luxembourg authorities, the exempt 1929 holding companies scheme is not selective and therefore does not distort competition or affect trade between Member States. All companies in a comparable factual and legal situation, involving inter alia the acquisition of equity interests and the management, financing and value maximisation of shareholdings in controlled companies, can potentially benefit from the scheme.
Dutch: Alle ondernemingen die zich in een feitelijk en juridisch vergelijkbare situatie bevinden wat met name de deelneming, het beheer, de financiering en de waardemaximalisatie van de deelnemingen in de gecontroleerde vennootschappen betreft, zouden immers deze regeling kunnen toepassen.
English: The Commission considers, therefore, that it is not necessary to take into account all applicable direct and indirect taxes in order to determine whether there exists an actual tax advantage granted to exempt 1929 holding companies, the existence of that advantage being already sufficiently proven. The Commission would point out, moreover, that such an analysis would be impossible to carry out in view of the indeterminate number of possible situations.
Dutch: Bovendien stelt de Commissie vast dat een dergelijke analyse onmogelijk zou zijn gelet op het onbeperkte aantal situaties waarmee rekening zou moeten worden gehouden.
English: The summary definition of the value maximisation of participations given in the Law of 31 July 1929 has been clarified by the Land Registration and Estates Department, which has interpreted it broadly as including several economic activities, directly or indirectly linked to the value maximisation of participations, taking the form notably of financing activities. Holding companies are thus authorised to grant long- or short-term advances and loans to companies in which they directly hold a participation.
Dutch: Krachtens de wet van 31 juli 1929 vallen de zekerheidstelling ten behoeve van de schuldeisers van de vennootschappen waarin vrijgestelde 1929-holdings een deelneming hebben, alsook de borgstelling voor hun kapitaalverhogingen ook onder het begrip van waardemaximalisatie van deelnemingen.
English: Following a meeting with the Commission on 19 April 2002, the Luxembourg authorities provided the requested comments by letter of 2 May 2002 (A/33288). A second meeting took place between the Luxembourg authorities and the Commission on 17 October 2002.
Polish: W następstwie spotkania, które odbyło się w dniu 19 kwietnia 2002 r. pomiędzy Komisją a władzami luksemburskimi, władze luksemburskie dostarczyły wymagane informacje w piśmie A/33288 z dnia 2 maja 2002 r. Kolejne spotkanie pomiędzy wspomnianymi władzami a Komisją miało miejsce w dniu 17 października 2002 r.
English: The new law was promulgated on 21 June 2005 and published in the Official Journal of the Grand Duchy of Luxembourg on 22 June 2005. The Law of 21 June 2005 entered into force on 1 July 2005.
Polish: Nowa ustawa została ogłoszona dnia 21 czerwca 2005 r. i opublikowana w Dzienniku Urzędowym Wielkiego Księstwa Luksemburga w dniu 22 czerwca 2005 r. Ustawa z dnia 21 czerwca 2005 r. weszła w życie z dniem 1 lipca 2005 r.
English: It would appear that a foreign undertaking carrying on activities comparable to those of an exempt 1929 holding company, including through a permanent establishment, an agency or a branch of a foreign company within the meaning of Article 43 of the Treaty, cannot benefit from the advantages afforded by the exempt 1929 holding companies scheme. Against this background, the Commission cannot accept the Luxembourg authorities' commitment not to oppose the extension of exemption status under the Law of 31 July 1929 to include permanent establishments in Luxembourg of foreign companies which satisfy the conditions laid down in that Law.
Polish: Okazuje się, że przedsiębiorstwo zagraniczne prowadzące działalność porównywalną do prowadzonej przez zwolniony holding 1929, szczególnie za pośrednictwem swojego stałego przedstawicielstwa, agencji lub oddziału spółki zagranicznej w rozumieniu art. 43 traktatu, nie może czerpać korzyści przewidzianych przez system zwolnionych holdingów 1929.
English: To qualify for 1929 holding company status, a consultancy firm must satisfy a series of requirements laid down by the tax authorities in Treasury Ministry Decision No 12.061 of 17 October 1968. In particular, it must have as its object the supervision and advising of a single open-ended or closed-ended investment company and it must invest at least 5 % of its capital in the company receiving its advice, with a minimum of EUR 50000, the remainder being investable in other transferable securities of outside companies.
Polish: Aby móc korzystać ze statusu zwolnionego holdingu 1929, spółka doradcza musi przestrzegać serii zaleceń określonych przez władze podatkowe w decyzji ministerstwa Skarbu nr 12.061 z dnia 17 października 1968 r. Przede wszystkim, spółka musi mieć na celu nadzór i doradztwo tylko jednej spółki SICAV (spółka inwestycyjna o zmiennym kapitale) lub SICAF (spółka inwestycyjna o stałym kapitale), a także musi zainwestować przynajmniej 5 % swojego kapitału w spółkę, która korzysta z jej porad, z minimum 50000 euro, pozostałość mogąc zainwestować w inne wartości ruchome i spółki trzecie.
English: The Commission would point out, moreover, that such an analysis would be impossible to carry out in view of the indeterminate number of possible situations. (71) In conclusion, the Commission considers that the scheme in question constitutes an advantage conferred on exempt 1929 holding companies. Selectivity
Portuguese: A este respeito, importa verificar se o regime fiscal em causa implica ou não vantagens exclusivamente a favor de certas empresas ou certos sectores de actividade.
English: The Commission concludes from this that the exempt 1929 holding companies scheme, as amended by the Law of 21 June 2005, constitutes state aid within the meaning of Article 87(1) of the Treaty and that none of the exceptions provided for in Article 87(2) or (3) of the Treaty applies. (101) The Commission notes that the exemption granted by the 1929 legislation has not been fundamentally modified since the Treaty entered into force.
Portuguese: A Comissão verifica que o regime de isenção atribuído pela legislação de 1929 não foi alterado fundamentalmente desde a entrada em vigor do Tratado.
English: It is true that existing 1929 financial holding companies have invested heavily in the multinational groups to which they belong. This investment is aimed among other things at setting up and developing those multinational groups' infrastructure so as to coordinate and promote the growth of their business activities.
Swedish: Det stämmer för övrigt att befintliga holdingbolag undantagna från skatteplikt genomfört investeringar för de multinationella bolagsgrupper de ingår i. Dessa investeringar avser särskilt inrättandet och utvecklingen av de multinationella bolagsgruppernas infrastruktur för samordning och utveckling av deras kommersiella verksamhet.
English: Similarly, medium- and long-term commitments have been entered into towards staff and outside service providers so as to enable holding companies to perform the activities related to the international groups to which they belong. According to the Luxembourg authorities, there are almost 13000 exempt 1929 holding companies currently active in Luxembourg; these contribute to the country's attractiveness as an international financial centre, the active population of which consists in any case of no more than 110000 workers.
Swedish: På samma sätt har åtaganden på medellång och lång sikt ingåtts gentemot anställda och externa tjänsteleverantörer för att göra det möjligt för holdingbolagen att fullgöra sin verksamhet i relation till de multinationella grupper de ingår i. Det skall i detta avseende påpekas att det enligt Luxemburgs myndigheter finns nära 13000 verksamma holdingbolag undantagna från skatteplikt i Luxemburg och att dessa bidrar till landets attraktionsförmåga som lokalisering för internationell finansiering, vars förvärvsarbetande befolkning är begränsad till 110000 anställda.