Tax Treaty Case Law around the Globe 2017
1. Aufl. 2018
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S. 149Spain: Dividends, Leveraged Buyouts and the Concept of Abuse / Simulation in Domestic Law, EU Law and Tax Treaties
Adolfo Martín Jiménez
1. S. 150Introduction
On February 2016, the Spanish Supreme Court ( hereinafter the “SC”) released a number of decisions on the same transactions (several leveraged buyouts) of a very well-known company, which affected that company and its resident and non-resident shareholders. The cases contain extremely complex procedural and substantive issues, but this contribution will only comment on (1) two of the cases that refer to the non-resident shareholders of Dorna and (2) the issues that directly affect the application of tax treaties and EU tax law (also in connection with tax treaties). As will be shown, however, the treatment of the transactions for domestic purposes very much affected the application of tax treaties and EU law.
2. Facts of the Cases
All the cases refer to assessments by the tax administration connected with several step transactions of a well-known Spanish company (Dorna Sports SL), with Spanish and non-resident shareholders. Dorna Sports SL was the exclusive commercial and TV rights holder for the FIM Road Racing World Championship Grand...