Thinking about tax losses in the COVID-19 environment: Loss crystallization and optimization strategies

Description:

The outbreak of COVID-19 has resulted in an unprecedented situation that required radical measures by governments to limit the uncontrolled spread of the virus among the population. Many jurisdictions in Europe and the rest of the world, including Luxembourg, have announced travel restrictions and the requirement of “social distancing”. 

The current lockdown is an economic shock that will not go unnoticed when it comes to the profitability of businesses. In addition, the current COVID-19 crisis may have an impact on the value of assets such as participations or receivables. 

While an economic crisis is never something positive, taxpayers should consider now whether there are opportunities to crystallize tax losses which may be valuable to manage the group’s overall tax position in the future. 

In this webinar, we will consider how tax losses may be crystallized and used for offsetting future profits.

Agenda:

1. Introduction
2. Tax losses under Luxembourg tax law
3. Corporate reorganisations
4. Optimizing the use of corporate tax losses
5. Practical recommendations

Speaker: Oliver R. Hoor

PARTNER – HEAD OF TRANSFER PRICING AND THE GERMAN DESK

Oliver is a Partner in the International and Corporate Tax department at ATOZ.

A tax professional since 2003, Oliver has experience in Luxembourg and international taxation with a focus on alternative Investments (private equity, real estate, sovereign wealth funds, hedge funds), mergers & acquisitions and multinational groups. Oliver advises clients on all direct tax aspects regarding deal structuring, maintenance, reorganisations and exit planning. He is further Head of Transfer Pricing and the German Desk.

Oliver is the author of more than 200 articles and books on Luxembourg and international taxation including Transfer Pricing and related documentation requirements, the OECD Base Erosion and Profit Shifting (“BEPS”) Project and the EU Anti-Tax Avoidance Directives (ATAD 1/ATAD 2), reporting obligations of tax intermediaries (DAC 6), the OECD Model Tax Convention and Tax Treaties, EU Law and the State Aid investigations of the EU Commission (see www.atoz.lu/media-room). He is also a regular speaker at conferences as well as a lecturer with House of Training and Legitech.

Oliver is qualified as a Chartered Accountant in Luxembourg (“Expert-Comptable”) as well as a certified German tax adviser (“Steuerberater”). He holds a post-graduate degree in Luxembourg Tax and a degree in Business Administration with a major in Tax from the University of Applied Sciences of Trier (Germany).

La société Legitech a obtenu l’agrément du Barreau de Luxembourg.

Prix : 150€ HTVA

Tarif étudiant : 48,55€ HTVA, soit 50€ TTC (à condition d’envoyer une copie de sa carte étudiant et une attestation d’inscription)

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