On 25 April 2018, the European Commission issued a press release announcing a draft directive that would introduce common EU-wide procedures for a company to move from one EU member state to another, or merge or divide into two or more new entities across borders. Individual member state rules in this area currently differ considerably or contain administrative hurdles, which discourage businesses from pursuing new opportunities, and creates potential for inadequate protection of employee, creditor and minority shareholder interests. The new rules for cross-border conversions and divisions would include specific anti-abuse measures, such as effective safeguards against abusive arrangements to circumvent tax rules, undermine workers’ rights or jeopardize creditors’ or minority shareholder interests. The directive would allow companies in all EU member states to electronically register, set up new branches or file documents with the business register (currently only 17 member states allow online company registration).
The article is part of dReport – June 2018, Tax news; Grants and investment Incentives
Seminars, webcasts, business breakfasts and other events organized by Deloitte.
