22. November 2023 Banco Popular: Shareholders and creditors not entitled to co ... The General Court of the EU decided today that affected shareholders and creditors in the course of winding up Spain's ailing Banco Popular in 2017 were not entitled to compensation from the Single Resolution Fund, as they would not have received better treatment in the event of the liquidation of the bank than that resulting from its resolution. Kategorien: From EuropeSchlagwörter: Liquidation, resolution
01. September 2023 Income tax on transfer of assets following dissolution of US ... The tax court of Muenster decided that the income from a dissolution of two US trusts be taxed as investment income in the hands of the beneficiary, except for income which accrued prior to 9 December 2010 (by protection of legitimate expectations). Kategorien: Tax CourtSchlagwörter: Liquidation, trust
27. März 2013 First €1 m full loss offset for each period of assessment The Supreme Court has held that the initial full loss offset on €1 m applies to each period of assessment, rather than to each calendar year. Thus it can only be claimed once for a multi-year assessment. Kategorien: Supreme Tax Court casesSchlagwörter: Liquidation, minimum taxation, loss offs ...
