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College 1 week 5 – Business Restructurings and IntangiblesBusiness Restructurings
Drivers of business restructuring
- Global competition and the need for continuous improvement (efficiency, fiscaal,
duurzaamheid etc.)
- Maximize shareholder value
- External and internal factors, including:
o New markets opening up
o Cost reductions
o Consumer demand / product life cycle
o Synergies
o Risk mitigation
o Taxation (wordt in de guidelines ook echt gezien als kostenpost, je mag
optimaliseren maar moet wel gepaard gaan met substance op de locaties waar
waarde wordt gecreëerd)
o Regulation
Illustration: Traditional Business Model
Global Supply Chain Model
,
, Centralised Business Model – Full Supply Chain overview
Als bedrijf moet je je eigenlijk continu afvragen of er geen discrepanties zijn tussen
het bedrijfsproces en het fiscale.
What is business restructuring?
Business Restructuring Challenges
Business restructuring results in different transactions between affiliated enterprise and
impacts the division of roles and responsibilities:
1. Will the business restructuring transaction as such (and the subsequent creation of new
intercompany relationships) be accepted? De fiscus moet het wel accepteren, maar je moet
wel zorgen dat je TP in lijn is met je bedrijfsproces. De rationaal moet gedreven zijn vanuit de
business voor een reorganisatie.
2. Is the business restructuring as such a taxable event?
3. Are the post-restructuring transactions priced on an arm’s length basis? What about PEs?
Commercially driven restructurings:
- Is the business restructuring arm’s length? Ja, moet het altijd zijn, maar erg moeilijk te
vergelijken nu het altijd unieke situaties zijn
- In what circumstances should conversions be compensated (transfer of valuable assets /
indemnification for contract termination / others)?
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