TaxNewsFlash-Europe 2008 Editions

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July 2008

Issue	Date	Subject
2008-31	July 29, 2008	Poland: Tax Authorities Change Approach as to When Certain Lease Termination Payments and the Provision of Insurance Are Subject to VAT United Kingdom: Taxation of Foreign Profits VAT: EC Launches Public Consultation on Invoicing Legislation
2008-30	July 25, 2008	Poland: ECJ Finds Conditions for VAT Repayments Are Not Compliant with EU Law United Kingdom: Enactment of Finance Bill United Kingdom: Reduced Capital Gain Tax Rate May Trigger Increased Issuance of Stock Option Plans United Kingdom: Taxation of Foreign Profits United Kingdom: Tax Treaty Update
2008-29	July 17, 2008	Germany: Regulations Governing Transfers of Function Germany: Guidance on New Corporate Loss Limitation Rules Is Finalized Italy: ECJ Finds Italian VAT Amnesty Is Contrary to EU Rules and VAT Directive Poland: Proposed Changes to the Taxation of Articles of Association of Capital Companies
2008-28	July 10, 2008	Belgium: ECJ to Consider Application of Participation Exemption Rules When Rights to Dividends, but Not Title to Shares, Are Transferred to Another Germany: ECJ Upholds Former Law’s Tax “Uplift” When Dividends Were Paid from Tax-Free Equity Basket and Imputation Tax Credit Only Available to Resident Shareholders Poland: New Interpretations of Thin Capitalization Rules: Loans from Indirect Shareholders Are Covered by the Thin Cap Rules
2008-27	July 2, 2008	Germany: Government Finalizes Draft 2009 Tax Act United Kingdom: Status of Finance Bill