FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W308620005> ?p ?o ?g. }

• W308620005 abstract "Over the last decades business has become increasingly globalised and corporations are no longer limited by national boundaries. As a consequence many states have abolished their exchange controls, that is to say, the rules that controlled the transferring of money or other assets abroad. The abolition of exchange controls, however, provides opportunities for tax avoidance. Since companies are tax subjects separated from the ones of their owners, assets might be transferred to low-taxed foreign companies, which the domestic authorities have no jurisdiction over to tax. To prevent this form of tax avoidance, some countries have introduced legislations that tax the shareholders directly although profits from these foreign companies have not yet been distributed. The companies that are targeted by these legislations normally fall under the term CFC or Controlled Foreign Companies. CFCs are generally defined by three criteria: they must be resident in a foreign territory, controlled by domestic shareholders and subject to a lower level of tax. The design, however, differ in each country and some jurisdictions do not even have a control prerequisite. In both Sweden and the United Kingdom CFCs are defined by these three criteria. Nonetheless, in comparison to the United Kingdom, the Swedish CFC regime has a more generous approach to what defines a low level of tax and thus has a lesser range of application. On the other hand, the United Kingdom regime has a number of exceptions, which relieves the shareholder from being charged. Within its range of application the Swedish regime, in contrast, is more rigid and makes no allowances for genuine business motives. The differences might be explained from the perspective of the doctrines of CIN and CEN or Capital Import Neutrality and Capital Export Neutrality. Arguably, Sweden applies the doctrine of CIN and the United Kingdom CEN on activities that are comprised by the realm of trade and industry. The difference is that whilst the CFC legislation in the United Kingdom is a tool to achieve or maintain CEN, the Swedish parallel operates where CIN is not desirable. In conclusion, the Swedish application of CIN should comprise all business pursued in foreign companies insofar as the business motives are genuine. That is to say, it should not matter if genuine business is pursued in a low-tax or high-tax country since profits from subsidiaries resident in foreign countries normally are exempted from tax anyway. Thus, the existing CFC regime in Sweden should have a more precise definition of which form of company or income is targeted, preferably in combination with a less generous approach to what defines a lower level of tax." @default.
• W308620005 created "2016-06-24" @default.
• W308620005 creator A5032014634 @default.
• W308620005 date "2002-01-01" @default.
• W308620005 modified "2023-09-27" @default.
• W308620005 title "The CFC Regimes of Sweden and the United Kingdom - a Comparison" @default.
• W308620005 hasPublicationYear "2002" @default.
• W308620005 type Work @default.
• W308620005 sameAs 308620005 @default.
• W308620005 citedByCount "0" @default.
• W308620005 crossrefType "journal-article" @default.
• W308620005 hasAuthorship W308620005A5032014634 @default.
• W308620005 hasConcept C10138342 @default.
• W308620005 hasConcept C120757647 @default.
• W308620005 hasConcept C121955636 @default.
• W308620005 hasConcept C144133560 @default.
• W308620005 hasConcept C162324750 @default.
• W308620005 hasConcept C17744445 @default.
• W308620005 hasConcept C18547055 @default.
• W308620005 hasConcept C199539241 @default.
• W308620005 hasConcept C2776949292 @default.
• W308620005 hasConcept C39389867 @default.
• W308620005 hasConcept C51303962 @default.
• W308620005 hasConcept C514942387 @default.
• W308620005 hasConceptScore W308620005C10138342 @default.
• W308620005 hasConceptScore W308620005C120757647 @default.
• W308620005 hasConceptScore W308620005C121955636 @default.
• W308620005 hasConceptScore W308620005C144133560 @default.
• W308620005 hasConceptScore W308620005C162324750 @default.
• W308620005 hasConceptScore W308620005C17744445 @default.
• W308620005 hasConceptScore W308620005C18547055 @default.
• W308620005 hasConceptScore W308620005C199539241 @default.
• W308620005 hasConceptScore W308620005C2776949292 @default.
• W308620005 hasConceptScore W308620005C39389867 @default.
• W308620005 hasConceptScore W308620005C51303962 @default.
• W308620005 hasConceptScore W308620005C514942387 @default.
• W308620005 hasLocation W3086200051 @default.
• W308620005 hasOpenAccess W308620005 @default.
• W308620005 hasPrimaryLocation W3086200051 @default.
• W308620005 hasRelatedWork W1480804714 @default.
• W308620005 hasRelatedWork W1660410 @default.
• W308620005 hasRelatedWork W1847993724 @default.
• W308620005 hasRelatedWork W1867508394 @default.
• W308620005 hasRelatedWork W2090080384 @default.
• W308620005 hasRelatedWork W2106938135 @default.
• W308620005 hasRelatedWork W2185833814 @default.
• W308620005 hasRelatedWork W2269431758 @default.
• W308620005 hasRelatedWork W2496529807 @default.
• W308620005 hasRelatedWork W2596209315 @default.
• W308620005 hasRelatedWork W2619652511 @default.
• W308620005 hasRelatedWork W290616214 @default.
• W308620005 hasRelatedWork W304840611 @default.
• W308620005 hasRelatedWork W3125881622 @default.
• W308620005 hasRelatedWork W315252571 @default.
• W308620005 hasRelatedWork W3195331606 @default.
• W308620005 hasRelatedWork W630456155 @default.
• W308620005 hasRelatedWork W835192865 @default.
• W308620005 hasRelatedWork W1783333750 @default.
• W308620005 hasRelatedWork W3123224081 @default.
• W308620005 isParatext "false" @default.
• W308620005 isRetracted "false" @default.
• W308620005 magId "308620005" @default.
• W308620005 workType "article" @default.