FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: The Court also considered that exempting the coordination centres from property tax gave them an economic advantage. ‘The fact that only 5 % of the coordination centres benefit from it in practice, as all the others hold their buildings under lease, does not affect that assessment, since the choice between owning a building and leasing it is a matter entirely at the discretion of the centres.’
Finnish: Tuomioistuin katsoi myös, että koordinointikeskusten vapauttaminen kiinteistöverosta tarjoaa niille taloudellisen edun: ”Tätä analyysia ei muuta se, että alle viisi prosenttia kyseisistä keskuksista todellisuudessa hyötyy vapautuksesta sen vuoksi, että kaikki muut toimivat vuokralaisina kiinteistössä, jossa ne harjoittavat toimintaansa, koska keskukset tekevät itse valinnan kiinteistön omistuksen tai vuokraamisen välillä.”
English: This was confirmed by letter dated 18 December 2008. The group interest box would now apply to all entities subject to corporation tax in the Netherlands with respect to interest paid to group companies and interest received from group companies.
French: Par conséquent, le régime du groepsrentebox sera applicable à toutes les entités soumises à l’impôt sur les sociétés aux Pays-Bas, en ce qui concerne les intérêts versés à des sociétés appartenant à un groupe ou les intérêts perçus par des sociétés appartenant à un groupe.
Polish: W związku z tym program obniżenia odsetek w ramach grupy („groepsrentebox”) miałby być stosowany w odniesieniu do wszelkich organów, które w Niderlandach podlegają podatkowi od osób prawnych, jeśli chodzi o odsetki uiszczone względnie otrzymane od przedsiębiorstw należących do grupy.
English: It is an adjustment in which an analytical element is added to the tax system. This results in a new standard taxation method and, consequently, no advantage is conferred.
French: Il s’agit d’une adaptation consistant en l’ajout d’un élément analytique au régime fiscal, ce qui donne lieu à la création d’une nouvelle méthode courante d’imposition, et il n’est donc pas question d’un avantage.
Portuguese: Trata-se de um ajustamento em que se adiciona um elemento analítico ao sistema fiscal, gerando um novo método de tributação normal, pelo que não é conferida qualquer vantagem.
English: Article 1 The ‘group interest box’ which the Netherlands is planning to implement with respect to the taxation of intra-group flows of interest does not constitute aid within the meaning of Article 87(1) of the Treaty.
French: Le régime du groepsrentebox que les Pays-Bas ont l’intention de mettre à exécution en ce qui concerne l’imposition des flux d’intérêts au sein des groupes ne constitue pas une aide d’État au sens de l’article 87, paragraphe 1, du traité.
English: It is also submitted that the assumption that specific tax rules for interest by themselves involve selectivity is incorrect. Financing within a group of organisations cannot be characterised as an economic activity, but simply an economic reality.
Hungarian: Azt is kifejti, hogy helytelen az a feltevés, amely szerint a kamatokra vonatkozó különleges adószabályok már önmagukban is szelektivitást jelentenek.
English: The positive balance between interest received and paid in the context of intra-group financing transactions will be taxed in a ‘group interest box’ at the rate of 5 %, instead of the 25,5 % standard corporate tax rate. If the balance of interest received and paid is negative it will be deductible, but at the reduced rate of 5 %, instead of the 25,5 % standard rate.
Italian: Il groepsrentebox (letteralmente «scatola di interessi infragruppo») introduce un sistema di compensazione in virtù del quale, se positivo, il saldo tra interessi percepiti e corrisposti nell’ambito di operazioni di finanziamento infragruppo sconta un’aliquota d’imposta del 5 %, contro il 25,5 % dell’aliquota ordinaria, mentre, se negativo, lo stesso saldo sarà deducibile, non più secondo la percentuale ordinaria del 25,5 %, bensì quella ridotta del 5 %.
English: The amount that can be taxed or deducted at the reduced rate is limited to a percentage of the taxpayer’s net assets for tax purposes (fiscale vermogen). This limitation aims to prevent undercapitalised undertakings from abusing the measure and ensures that the reduced rate applies only where the yield on group loans has been financed with equity capital.
Italian: L’importo imponibile o deducibile in applicazione del tasso ridotto è limitato a una percentuale del patrimonio fiscale del soggetto d’imposta, limitazione intesa a evitare abusi da parte delle imprese sottocapitalizzate e a garantire che il tasso ridotto si applichi unicamente ai redditi da prestiti infragruppo finanziati tramite capitale di rischio.
English: In its opening decision of 7 February 2007, the Commission expressed its doubts regarding the general nature of the measure. It stressed that only companies that were part of a group would take advantage of the lower taxation provided for by the scheme (de jure selectivity), and suspected that the scheme would benefit multinational groups, giving those groups a selective economic advantage (de facto selectivity).
Italian: Nella decisione di avvio del procedimento del 7 febbraio 2007, la Commissione esprimeva i propri dubbi circa la natura generale della misura; la decisione sottolineava che la minore tassazione prevista dal regime andava a esclusivo beneficio delle imprese facenti parte di un gruppo (selettività di diritto) ed esprimeva il timore che il regime favorisse i gruppi multinazionali conferendo loro un vantaggio economico selettivo (selettività di fatto).
English: Furthermore, the Dutch authorities are of the opinion that the group interest box cannot be regarded as a deviation from the standard method of taxation. It is an adjustment in which an analytical element is added to the tax system.
Italian: Le autorità nazionali ritengono inoltre che il groepsrentebox non possa ritenersi una deroga alla normale metodologia tributaria, trattandosi al contrario di una modifica che inserisce un elemento di analisi nel sistema fiscale.
English: Secondly, Hungary recalls that direct taxation is a matter for Member States. Setting tax rates in relation to certain taxable events is within their domestic competence.
Italian: In secondo luogo, l’imposizione diretta è una prerogativa degli Stati membri e la determinazione di aliquote a fronte di fatti generatori d’imposta rientra in tale prerogativa.
Polish: Po drugie, podatki bezpośrednie należą do kompetencji państw członkowskich, w zakres których wchodzi ustalanie stawek podatku dla zdarzeń powodujących powstanie obowiązku podatkowego.
English: The Dutch authorities note that the comments of all three parties support its point of view. Both Hungary and Belgium emphasise that in attempting to tackle disturbances that are the consequence of disparities between tax systems that have not been harmonised the Commission is abusing its State aid powers.
Italian: I Paesi Bassi constatano che, in tutti e tre i casi, le osservazioni sollevate sostengono la tesi da loro formulata.
English: In contrast to companies that are not part of a group (stand-alone companies), group companies are confronted with arbitrage between equity capital and loan capital within their group. Such an arbitrage is for the most part influenced by tax considerations rather than economic considerations.
Italian: Al contrario di quanto accade alle imprese non appartenenti a un gruppo (imprese autonome), le imprese collegate si confrontano all’arbitraggio infragruppo tra capitale di rischio e capitale di prestito, arbitraggio in larga misura condizionato da considerazioni tributarie piuttosto che economiche.
English: In such a situation, there is no arbitrage for Y, as a capital injection into B is not an alternative for Y, which is simply carrying on its business of granting credit to third parties. Nor is there any arbitrage between loan and equity at the level of B (or at group level).
Italian: In tal caso, non è ipotizzabile alcun arbitraggio fiscale dal momento che Y, la cui attività consiste per l’appunto nel concedere prestiti a terzi, non vaglia l’apporto di capitale in B come un’alternativa plausibile, né si presuppone arbitraggio fiscale tra capitale di rischio e di prestito nel caso dell’impresa B (o del gruppo nel suo insieme).
English: Finally, the Netherlands have changed the definition of ‘group’ for the purpose of the interest box measure. The Dutch authorities argue that this change is the result of a refining of its approach to avoid tax arbitrage.
Italian: Infine, le autorità olandesi, che hanno modificato la definizione di gruppo ai fini del groepsrentebox, sostengono che tale modifica è il risultato di nuovo un approccio più affinato al problema dell’arbitraggio fiscale.
English: Thirdly, the Commission is wrong when it looks at the net effect on the payer and recipient together, and concludes that the net effect is probably neutral for national groups when both the payer and the recipient are established in the Netherlands, while a net advantage arises for multinational groups when the payer is a foreign group company and the recipient is a domestic one. According to the Dutch authorities an equation of this nature has no foundation in Dutch tax law.
Portuguese: Em terceiro lugar, a Comissão equivoca-se quando examina conjuntamente o efeito líquido sobre a entidade que paga e a que recebe e conclui que o efeito líquido é provavelmente neutro para os grupos nacionais, quando tanto a entidade que paga como a que recebe estão estabelecidas nos Países Baixos, ao passo que os grupos multinacionais têm uma vantagem líquida quando a empresa que paga pertence a um grupo estrangeiro e a que recebe é uma empresa nacional.
English: In the scheme there is no distinction between resident and non-resident groups of companies. For qualification for the interest box, no eligibility thresholds linked to particular activities or functions apply.
Portuguese: O regime não estabelece uma distinção entre grupos de empresas residentes ou não residentes, nem aplica quaisquer limiares de elegibilidade ligados a actividades ou funções específicas.
English: The Netherlands underlines that it fully agrees with the analysis drawn up by VNO-NCW. It attaches particular importance to the detailed argument concerning the institutional framework, which clearly explains the various disturbances in the single market that can be caused by national measures taken by Member States and the instruments available under the EC Treaty to eliminate such disturbances where necessary.
Portuguese: Os Países Baixos realçam a sua total concordância com a análise efectuada pela VNO-NCW, atribuindo particular importância à argumentação aprofundada a respeito do quadro institucional, a qual explica claramente as diversas perturbações do mercado único que podem ser causadas pelas medidas nacionais tomadas pelos Estados-Membros e os instrumentos disponibilizados pelo Tratado CE para eliminar essas perturbações sempre que necessário.