ATAD3: substance-iële gevolgen voor de deelnemingsvrijstelling?

The aim of the EU proposal for ATAD3 is to prevent tax abuse using shell entities that lack relevant substance. One of the consequences of qualifying as a shell entity that ATAD3 proposes is that the shell entity shall not be entitled to tax benefits from the EU Parent-Subsidiary Directive. In this article, the author discusses whether this has implications for the application of the participation exemption in the Dutch Corporate Income Tax Act 1969.