FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: is not included in the taxable base under Spanish international tax transparency rules and is taxed as profits earned in Spain [12]. Income is specifically considered to meet these requirements when it derives from the following activities:
Finnish: ei sisälly veropohjaan, johon sovelletaan verotuksen kansainvälistä avoimuutta koskevia sääntöjä, vaan joita verotetaan kuten Espanjassa hankittuja tuloja [12]; nämä ehdot täyttäviksi tuloiksi katsotaan erityisesti tulot seuraavista toimista:
English: Hence, the arguments of the 30 interested parties will be presented together with the position of the Spanish authorities, whereas the arguments of the two parties will be described separately. A. Comments from the Spanish authorities and the 30 interested parties
Swedish: Synpunkter från de spanska myndigheterna och de 30 berörda parterna
Finnish: Espanjan viranomaisten ja 30 kolmannen osapuolen joukon huomautukset
English: Therefore, the aim of the contested measure is to remove the negative impact of these barriers, for whose existence Spain is not answerable. Consequently, limiting the scope of the contested measure to cross-border acquisitions is necessary to enforce the neutrality principle.
Swedish: Det är alltså nödvändigt att begränsa åtgärdens räckvidd till gränsöverskridande förvärv för att upprätthålla neutralitetsprincipen.
Finnish: Sen vuoksi kiistanalaisen toimenpiteen soveltamisalan rajoittaminen rajat ylittäviin hankintoihin on neutraliteettiperiaatteen kannalta välttämätöntä.
English: assessing whether the aid is appropriate to deliver the objective of common interest, i.e. whether the proposed aid addresses the market failure or other objective. This assessment requires checking whether:
Finnish: arvioidaan, onko tuki soveltuvaa niin, että yhteisen edun mukainen tavoite voidaan saavuttaa, eli onko suunnitellulla tuella vaikutusta markkinoiden toimintapuutteeseen tai muuhun tavoitteeseen tarkastamalla,
English: The Commission therefore concluded that the contested measure could constitute incompatible State aid. If this were the case, recovery should take place according to Article 14 of Council Regulation (EC) No 659/1999 of 22 March 1999 laying down detailed rules for the application of Article 93 of the Treaty.
French: Par conséquent, la Commission a conclu que la mesure litigieuse pouvait constituer une aide d’État incompatible, auquel cas la récupération devrait se faire conformément aux dispositions de l’article 14 du règlement (CE) no 659/1999 du Conseil du 22 mars 1999 portant modalités d’application de l’article 93 du traité CE.
English: In particular, no such amortisation is possible for domestic transactions. This is clear from the following:
French: Concrètement, cet amortissement n’est pas possible pour les opérations nationales, comme le montrent les éléments exposés ci-après.
Italian: In particolare, tale ammortamento non è possibile per le operazioni nazionali, come evidenziano gli elementi esposti qui di seguito.
English: Articles 337 to 344 of the Act Amending the Companies Act (R.O. 519 of 15.5.2009)
French: articles 337 à 344 de la loi modifiant la loi sur les sociétés (JO 519 du 15.5.2009).
Italian: 519 del 15 maggio 2009) articoli 337-344
Portuguese: 519, de 15.5.2009) artigos 337.o a 344.o
Dutch: Artikelen 337 tot en met 344 van de wet houdende wijziging van de Wet betreffende ondernemingen (R.O. 519 van 15.5.2009)
Romanian: Articolele 337-344 din legea care modifică Legea privind societățile comerciale (RO 519 din 15.5.2009)
English: Second, since the contested measure is open to any Spanish company with no restrictions, it cannot distort competition. Indeed, any company in the same situation as a beneficiary of the contested measure can benefit from the measure, thus reducing its tax burden, which cancels any competitive edge that might derive from it.
Hungarian: Másodszor, a vitatott intézkedés nem torzíthatja a versenyt, mivel korlátozás nélkül bármely spanyol társaság rendelkezésére áll. Bármely társaság, amely ugyanolyan helyzetben van, mint a vitatott intézkedés valamely kedvezményezettje, részesülhet a vitatott intézkedés adóterheket csökkentő rendelkezéséből, ami kizárja, hogy ebből bármilyen versenyelőnye származhatna.
English: This level is well below that needed to apply the general rules on amortisation of goodwill [47]. The contested measure is therefore an exception to the reference system, whatever its definition.
Hungarian: Ez jóval az üzleti és cégérték amortizációjára vonatkozó általános szabályok alkalmazásához szükséges szint alatt marad [47] Ezért a vitatott intézkedés kivételnek minősül a referenciarendszer alól, függetlenül annak meghatározásától.
English: For this purpose, it is sufficient that the implementation of the scheme under review leads to situations which qualify as aid to be able to conclude that the scheme contains aid elements within the meaning of Article 107(1) TFEU. Hence, reviewing the legislation of all possible non-EU countries for which the Commission investigation procedure is still open is unnecessary in the context of this Decision.
Hungarian: Ebből a célból elegendő az, ha a vizsgált rendszer végrehajtása olyan helyzetekhez vezet, amelyek támogatásnak minősülnek, és már ennek alapján megállapítható az, hogy a rendszer az EUMSZ 107. cikkének (1) bekezdése értelmében támogatási elemeket tartalmaz Így e határozat összefüggésében szükségtelen minden olyan szóba jöhető nem uniós ország jogszabályait megvizsgálni, amelyek tekintetében a bizottsági vizsgálati eljárás még nem zárult le.
English: Moreover, in line with the settled case law of the Court [111], for a measure to distort competition it is sufficient that the recipient of the aid competes with other undertakings on markets open to competition. The Commission considers that the conditions set out in the case law are fulfilled for the following reasons.
Hungarian: Továbbá a Bíróság állandó ítélkezési gyakorlata szerint [111] ahhoz, hogy egy intézkedés torzítsa a versenyt, elegendő, ha a támogatás kedvezményezettje a versenyre nyitott piacokon más társaságokkal versenyben áll. A Bizottság véleménye szerint az ítélkezési gyakorlatban meghatározott körülmények a következő okok miatt teljesültnek tekinthetők.
English: OJ L 142, 14.5.1998, p. 1. This Regulation empowers the Commission to adopt a Regulation stating that certain categories of aid do not meet all the criteria under Article 107(1) TFEU (de minimis aid).
Hungarian: HL L 142., 1998.5.14., 1. o. Ez a rendelet felhatalmazza a Bizottságot, hogy rendeletet alkosson arra hivatkozva, hogy bizonyos támogatási kategóriák nem felelnek meg az EUMSZ 107. cikkének (1) bekezdése szerinti valamennyi feltételnek (de minimis támogatás).
Latvian: OV L 142, 14.5.1998., 1. lpp. Šī regula sniedz Komisijai pilnvaras pieņemt regulu, norādot, ka dažas atbalsta kategorijas neatbilst visiem LESD 107. panta 1. punkta kritērijiem (de minimis atbalsts).
English: Registration issues with the relevant Trade Registry Yes.
Hungarian: A vonatkozó cégjegyzékbe való bejegyzéssel kapcsolatos problémák
Maltese: Kwistjonijiet ta’ reġistrazzjoni mar-Reġistru tal-Kummerċ rilevanti
English: Not specifically addressed Not found Yes
Hungarian: Nincs szabályozva
English: Articles 172 et seq. of the Commercial Code Not specifically addressed.
Hungarian: A kereskedelmi kódex 172. és azt követő cikkei.
English: However, cross-border mergers are accepted in practice as guidelines are provided by the Companies Supervisor. A Colombian branch would have to carry on the economic activity of the foreign entity in a relevant number of economic sectors, which in practice prevents the completion of a cross-border merger
Hungarian: Nincs szabályozva A határon átnyúló egyesüléseket azonban a gyakorlatban elfogadják, mivel a társasági felügyelet szolgál iránymutatásokkal Egy kolumbiai fiókvállalat számára előírás, hogy a külföldi jogi személy gazdasági tevékenységét egy releváns számú gazdasági ágazatban folytassa, ami a gyakorlatban megakadályozza a határon átnyúló egyesülés végrehajtását
English: 312 of 5.11.1999) and Articles 337 to 344 of the Act Amending the Companies Act (R.O.
Hungarian: sz. R.O., 1999. november 5.) és
English: In this context, the Commission also considered that the selective advantage did not appear to be justified by the inherent nature of the tax system. In particular, it considered that the differentiation created by the contested measure, which departed from the general rules of the Spanish accounting and tax systems, could not be justified by reasons linked to technicalities of the tax system.
Italian: In tale contesto la Commissione ha ritenuto inoltre che il vantaggio selettivo non sembrasse giustificato dalla natura del sistema fiscale e, in particolare, che la differenziazione creata dalla misura controversa, che si discostava dalle norme generali del sistema contabile e fiscale spagnolo, non potesse essere giustificata da motivi attinenti ad aspetti tecnici del sistema fiscale.
English: In the light of Commission practice and the relevant case law, the Spanish authorities conclude that the contested measures cannot be considered State aid within the meaning of Article 107 TFEU. In addition, the Spanish authorities consider that a different conclusion would be contrary to the principle of legal certainty.
Italian: Tenuto conto della prassi della Commissione e della giurisprudenza in materia, le autorità spagnole concludono che le misure controverse non possono essere considerate aiuti di Stato ai sensi dell’articolo 107 del TFUE e ritengono che una diversa conclusione violerebbe il principio della certezza del diritto.
English: As a preliminary remark, the Spanish authorities stress that direct taxation lies within the competence of Member States. Therefore, the Commission’s action in this field should be in line with the subsidiarity principle stated in Article 5 EC Treaty (now replaced in substance by Article 5 TFEU).
Italian: Come osservazione preliminare, le autorità spagnole sottolineano che le imposte dirette sono di competenza degli Stati membri e che, di conseguenza, l’azione della Commissione in quest’ambito dovrebbe attenersi al principio di sussidiarietà di cui all’articolo 5 del trattato CE (ora sostituito, in sostanza, dall’articolo 5 del TFUE).
English: Moreover, only a Spanish operator with existing business in Spain has a Spanish tax base and can benefit from the depreciation. Therefore, only companies resident in Spain with a significant Spanish tax base can in practice benefit from it, since the potential benefit is linked to the size of the Spanish operation rather than of the acquisition.
Italian: Del resto, soltanto gli operatori spagnoli aventi un’attività in Spagna hanno una base imponibile spagnola e possono beneficiare del deprezzamento: possono quindi avvalersi della misura solamente le imprese con sede in Spagna e aventi una cospicua base imponibile spagnola, in quanto il beneficio potenziale è vincolato all’entità dell’operazione spagnola e non dell’acquisizione.
English: In order to ascertain whether a measure constitutes aid, the Commission has to assess whether the contested measure fulfils the conditions of Article 107(1) TFUE. This provision states that ‘Save as otherwise provided in the Treaties, any aid granted by Member State or through State resources in any form whatsoever which distorts or threatens to distort competition by favouring certain undertakings or the production of certain goods shall, in so far as it affects trade between Member States, be incompatible with the internal market’.
Italian: Per stabilire se una misura costituisca aiuto di Stato, la Commissione deve valutare se risponda alle condizioni dell’articolo 107, paragrafo 1, del TFUE, il quale stabilisce che «salvo deroghe contemplate dai trattati, sono incompatibili con il mercato interno, nella misura in cui incidano sugli scambi tra Stati membri, gli aiuti concessi dagli Stati, ovvero mediante risorse statali, sotto qualsiasi forma che, favorendo talune imprese o talune produzioni, falsino o minaccino di falsare la concorrenza».
English: In line with the case law of the Court of Justice [130], the Commission would like to reiterate that the purpose of this Decision is not to establish the conditions which would make it possible for the Member State concerned to avoid the classification of the contested measure as State aid. This question should have been discussed by the Spanish authorities and the Commission, as part of the notification of the scheme at issue, before the scheme was put into effect.
Italian: Secondo la giurisprudenza della Corte di giustizia [130], la Commissione ribadisce che l’obiettivo della presente decisione non è stabilire le condizioni che permettano allo Stato membro interessato di evitare la qualifica della misura controversa come aiuto di Stato: questo aspetto è piuttosto un tema di dialogo tra le autorità spagnole e la Commissione, come parte della notifica del sistema in esame, che si sarebbe dovuto tenere prima dell’entrata in vigore del sistema stesso.
English: The State Aid Action Plan, building on existing practice, has formalised a three-step ‘balancing test’. The first two steps address the positive effects of the State aid and the third addresses the negative effects and resulting balancing of the positive and negative effects.
Italian: Basandosi sulla prassi corrente, il piano d’azione nel settore degli aiuti di Stato ha istituzionalizzato una «valutazione comparata» in tre fasi, le prime due concernenti gli effetti positivi e la terza gli effetti negativi e il bilancio tra effetti positivi e negativi.
English: In particular, the Commission observed that ‘legal barriers to cross-border business combinations may persist, which would place cross-border transactions in a different legal and factual situation from intra-Community transactions’. The references to the criteria of ‘legal barriers’ and ‘majority shareholding’ are particularly relevant in those specific circumstances.
Italian: In particolare, la Commissione ha osservato che possono persistere barriere giuridiche alle aggregazioni transfrontaliere d’imprese, che collocherebbero le operazioni transfrontaliere in una situazione giuridica e fattuale diversa da quella delle operazioni intracomunitarie e che, in tali circostanze specifiche i riferimenti a criteri quali gli «ostacoli giuridici» e la «partecipazione di maggioranza» sono particolarmente pertinenti.
English: When calculating the tax burden of beneficiaries in the absence of the unlawful aid measure, the Spanish authorities must base themselves on the transactions that were carried out in the period prior to the publication of the opening Decision in the Official Journal of the European Union (legitimate expectations arising from Commission statements to Members of the European Parliament) or prior to the date of publication of this Decision (legitimate expectations arising from the previous Decision), as indicated above. It is not possible to argue that, had these illegal advantages not existed, the beneficiaries would have structured their transactions differently in order to reduce their tax burden.
Italian: Per calcolare l’onere fiscale al quale sarebbero stati assoggettati i beneficiari in mancanza della misura di aiuto illegittimo, le autorità spagnole devono basarsi, come già si è detto, sulle operazioni effettuate nel periodo anteriore alla pubblicazione della decisione di avvio nella Gazzetta ufficiale dell'Unione europea (legittimo affidamento derivante da dichiarazioni della Commissione a deputati del Parlamento europeo) o anteriore alla pubblicazione della presente decisione (legittimo affidamento derivante dalla precedente decisione).
English: Spain shall keep the Commission informed of the progress of the national measures taken to implement this Decision until recovery of the aid granted under the scheme referred to in Article 1 has been completed. It shall immediately submit, upon request by the Commission, information on the measures already taken and planned to comply with this Decision.
Italian: La Spagna informerà la Commissione dell’andamento delle misure nazionali adottate per l’attuazione della presente decisione fino al recupero integrale dell’aiuto concesso a norma del regime di cui all’articolo 1 e trasmetterà immediatamente, a richiesta della Commissione, le informazioni relative alle misure già adottate e previste per ottemperare alla presente decisione.
English: Ecuador, in accordance with Articles 342 and 415 of the Companies Act, published in Official Register No 312 on 5 November 1999, whereby the acquiring company, in order to complete a merger, must have its domicile in Ecuador or must previously form a new company in Ecuador, precluding a cross-border merger such as the one proposed. This approach has also been confirmed by the administrative body that controls and oversees Ecuadorian companies (Companies Supervisor), which is responsible for approving company mergers and other operations in Ecuador,
Italian: Ecuador, poiché a norma degli articoli 342 e 415 della legge sulle società, pubblicata nel Registro Official (Gazzetta ufficiale) n. 312 del 5 novembre 1999, per effettuare una fusione l’impresa acquirente deve avere sede in Ecuador o costituire precedentemente una nuova impresa in Ecuador, il che esclude le fusioni transfrontaliere di cui nel presente testo, come è stato confermato anche dalla Superintendencia de Sociedades (organismo tecnico avente funzioni di supervisione e di controllo sulle società ecuadoriane), la quale rilascia le autorizzazioni per le fusioni d’imprese e altre operazioni in Ecuador,
English: Argentina, where the number of legal and practical obstacles (described in detail in the attached report on Argentina) prevent cross-border mergers being carried out. This same conclusion is drawn by most Argentinian doctrine, cited in the report, and by the Argentinian Justice Administration which, through the Pre-Classification Department of the Companies Supervisor (the body that controls legal entities in the Autonomous City of Buenos Aires), describes such mergers as ‘test cases’ for which there are no precedents,
Italian: Argentina, dove la quantità di ostacoli giuridici e pratici (descritti nei particolari nella relazione sull’Argentina allegata al presente testo) impedisce di effettuare fusioni transfrontaliere, come riconosciuto anche dalla maggior parte della giurisprudenza argentina, menzionata nella relazione, e dall’amministrazione giudiziaria che, mediante il Departamento de Preclasificados dell’Ispettorato generale della giustizia (organo di controllo delle persone giuridiche per la città autonoma di Buenos Aires), descrive tali fusioni come «casi di laboratorio» che non hanno precedenti,
English: Moreover, in the majority of countries analysed there are relevant tax barriers to cross-border mergers. In this sense, if it were possible (quod non) to implement a cross-border merger, in the majority of the countries analysed unrealised capital gains would be taxed immediately at target-company and/or shareholder level, and indirect taxes would also be applicable as in any other completed transfer.
Italian: D’altro canto, nella maggior parte degli Stati esaminati vi sono gravi ostacoli fiscali all’effettuazione di fusioni transfrontaliere: anche se fosse possibile effettuare una fusione transfrontaliera (ma non lo è), nella maggior parte degli Stati esaminati le plusvalenze non realizzate sarebbero immediatamente soggette a imposta, gravante sull’impresa mirata e/o sugli azionisti e si applicherebbero anche imposte indirette come per ogni altro trasferimento.
English: In Argentina, the Law on Income Tax does not allow a cross-border merger to be treated as a ‘tax-free reorganisation’, as specifically confirmed by the AFIP (Argentina’s national tax authority) in a number of rulings, meaning that the target company would be liable for income tax (and its shareholders, regardless of the provisions of the Spain-Argentina Double Taxation Treaty, as will be detailed below) on the unrealised capital gains, as well as indirect taxes applicable to the transaction in Argentina: Value Added Tax, Impuesto sobre los Ingresos Brutos, Impuesto de Sellos (stamp duty), etc., In Australia, all ‘amalgamation’ transactions are subject to Australian taxes for both the company transferring its assets and liabilities (the dissolved company) and for its shareholders,
Italian: in Argentina la legge relativa alle imposte sui profitti non consente di considerare una fusione transfrontaliera una «riorganizzazione esente da imposte», come confermato specificamente da varie risoluzioni dell’Administración Federal de Ingresos Públicos (Agenzia delle entrate), secondo cui l’impresa mirata (e i suoi azionisti, indipendentemente dalle disposizioni della convenzione volte a evitare la doppia imposizione tra Spagna e Argentina, come precisato più oltre) sarebbe soggetta all’imposta sui profitti per le plusvalenze non realizzate e alle imposte indirette applicabili all’operazione in Argentina, quali imposta sul valore aggiunto, imposta lorda sul reddito, imposta di registro (tasse di bollo) ecc.,
English: The special regime provided by Article 21 of Law 9.249/95 is applicable only to mergers of Brazilian companies, In Canada, the only similar operations to cross-border mergers requires the target company to be liquidated and is therefore subject to all applicable Canadian taxes,
Italian: in Brasile queste operazioni sarebbero soggette al regime fiscale generale che si applica ai trasferimenti, comprendente tutte le imposte brasiliane, che sarebbero applicate sia all’impresa mirata sia ai suoi azionisti, dato che il regime speciale di cui all’articolo 21 della legge 9249/95 si applica solo alle fusioni tra imprese brasiliane,
English: Indeed, under the contested measure, shareholding acquisitions made before 1 January 2002 are not taken into account for the calculation of the base to be amortised. By contrast, under a business combination scenario, such a cut-off date does not exist when calculating the goodwill and the taxpayer has to prove that the combination is made for valid economic reasons to avoid combinations being aimed at purely obtaining tax benefits [48], whereas the contested measure only provides tax benefits.
Polish: Zgodnie z kwestionowanym środkiem do obliczania podstawy, która ma podlegać amortyzacji, faktycznie nie bierze się pod uwagę udziałów nabytych przed dniem 1 stycznia 2002 r. W ramach scenariusza połączenia jednostek gospodarczych taka data graniczna nie istnieje natomiast w odniesieniu do obliczania wartości firmy, a podatnik musi wykazać, że połączenia dokonuje się z ważnych względów gospodarczych, co ma zapobiec połączeniom mającym na celu wyłącznie osiągnięcie korzyści podatkowych [48], podczas gdy kwestionowany środek przynosi tylko korzyści podatkowe.
Lithuanian: Iš tiesų pagal ginčijamą priemonę apskaičiuojant amortizacijos bazę neįskaičiuojami akcijų įsigijimai iki 2002 m. sausio 1 d. Pagal verslo jungimo scenarijų apskaičiuojant prestižą toks terminas netaikomas ir mokesčių mokėtojas turi įrodyti, kad jungimas vykdomas dėl pagrįstų ekonominių priežasčių, taip siekiant užkirsti kelią jungimams, kuriais būtų siekiama vien mokesčių lengvatų [48], o ginčijama priemonė suteikia vien mokesčių lengvatų.
English: Taking a hypothetical example, already mentioned by the Commission in the opening Decision, a shareholding acquired in 2002 would yield an advantage corresponding to 20,6 % of the amount of financial goodwill, assuming a discount interest rate of 5 % [93] and considering the existing structure of corporate tax rates until 2022 as currently set out in Law No 35/2006 [94]. The third parties have not contested these figures.
Lithuanian: Pagal hipotetinį pavyzdį, kurį Komisija jau minėjo sprendime pradėti tyrimą: 2002 m. įsigytos akcijos suteiktų pranašumą, lygų 20,6 % finansinės prestižo vertės sumos, remiantis prielaida, kad diskonto norma yra 5 % [93] ir kad esama pelno mokesčio tarifo struktūra išliks tokia, kokia nustatyta Įstatyme Nr. 35/2006 [94], iki 2022 m. Trečiosios šalys šių skaičių neužginčijo.