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Limits of Applicability of a GAAR on Family Corporations in Japan against Debt Push-Downs : Focusing on the Anti-Tax Avoidance Directive in the EU
https://doi.org/10.32286/00023374
https://doi.org/10.32286/00023374394d61fd-137d-47c5-832d-1c43f3d2f2d4
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
KU-1100-20210300-01.pdf (731.4 kB)
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| Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2021-04-27 | |||||
| タイトル | ||||||
| タイトル | Limits of Applicability of a GAAR on Family Corporations in Japan against Debt Push-Downs : Focusing on the Anti-Tax Avoidance Directive in the EU | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||
| 資源タイプ | departmental bulletin paper | |||||
| ID登録 | ||||||
| ID登録 | 10.32286/00023374 | |||||
| ID登録タイプ | JaLC | |||||
| 著者 |
Nakamura, Shigetaka
× Nakamura, Shigetaka |
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| 著者別名 | ||||||
| 識別子Scheme | WEKO | |||||
| 識別子 | 45562 | |||||
| 姓名 | 中村, 繁隆 | |||||
| 概要 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | This article concludes that there are limits of applicability of article 132, paragraph 1 of the Corporation Tax Act [Hojin Zei Ho(CTA)] against debt push-downs. Article 132, paragraph 1 of the CTA is considered as a general anti-tax avoidance rule on family corporations. Article 132, paragraph 1 of the CTA has a standard for 'unreasonable decrease of the burden of corporation tax', the so-called 'Unreasonableness Requirement'. The high court of Tokyo in Japan on June 24, 2020 (Universal Music case) held interest deduction could not be denied by relying on article 132, paragraph 1 of the CTA. This article examines applicability of article 132, paragraph 1 of the CTA against debt push-downs through measures in the EU, especially the Anti-Tax Avoidance Directive (ATAD). This study follows two suggestions: (1) Article 6 of the ATAD, which is titled as a 'General anti-abuse rule' (GAAR), cannot work if debt push-downs are regarded as genuine. Therefore, a fixed ratio EBITDA rule on the amount of interest deduction is an appropriate measure against debt push-downs; (2) Article 15, paragraph 1, item (a), which is considered as a GAAR in the Merger Tax Directive, seems not to be discussed as a measure against debt push-downs. In conclusion, as the 'Unreasonableness Requirement' would not be able to work against debt push-downs, there are limits of applicability of article 132, paragraph 1 of the CTA. It's also worth noting that the unreasonableness requirement of article 132(2), paragraph 1 of the CTA, which is considered as a general anti-tax avoidance rule on corporate reorganizations, seems to be mixed into the 'Unreasonableness Requirement' in the decision of the Universal Music case. It seems to be unfavorable as it means that article 132(2), paragraph 1 of the CTA is substantially linked to article 132, paragraph 1 of the CTA. | |||||
| 書誌情報 |
Journal of accountancy, economics and law 巻 15, p. 1-15, 発行日 2021-03 |
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| ISSN | ||||||
| 収録物識別子タイプ | ISSN | |||||
| 収録物識別子 | 18812457 | |||||
| 書誌レコードID | ||||||
| 収録物識別子タイプ | NCID | |||||
| 収録物識別子 | AA12196470 | |||||
| 著者版フラグ | ||||||
| 出版タイプ | VoR | |||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||
| 出版者 | ||||||
| 出版者 | School of Accountancy Graduate School of Kansai University | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Unreasonableness Requirement | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Debt Push-Downs | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | GAAR | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | ATAD | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Interest Limitation | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | 関西大学 | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Kansai University | |||||
