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gefacilieerde bedrijfsfusie

English translation: merger will not meet the terms of the tax facility/tax-efficient merger


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:gefacilieerde bedrijfsfusie
English translation:merger will not meet the terms of the tax facility/tax-efficient merger
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11:11 Nov 21, 2004
Dutch to English translations [PRO]
Bus/Financial - Law: Taxation & Customs
Dutch term or phrase: gefacilieerde bedrijfsfusie
This term is used in a letter from the Tax office. The phrase is as follows:
"Ik ben van mening dat een gefacilieerde bedrijfsfusie niet mogelijk is."
Hetty Gill
merger will not meet the terms of the tax facility
Explanation:
A 'gefacilieerde fusie' is a merger that meets the requirements set by the tax administration to qualify for some beneficial tax facility. In this sense, the sentence you quote from the letter from the Belastingdienst means the inspector is of the opinion that the merger, as proposed, will not meet the terms required to qualify for the tax facility.

Presumably, he is responding to a detailed merger proposal sent by a taxpayer together with a request for a ruling ('zekerheid vooraf') on the tax consequences of the proposed merger.

-> "Iemand had alle aandelen van twee BV’s. In het kader van een afspraak tot samenwerking met een ander concern ruilde hij alle aandelen van de ene BV voor aandelen in de andere. Daardoor ontstond een holdingstructuur, waarbij de ene BV alle aandelen in de andere BV hield. De ruil is een vervreemding van aandelen, waarbij inkomstenbelasting verschuldigd is over de gerealiseerde meerwaarde. Met behulp van de aandelenfusiefaciliteit kan de belasting worden uitgesteld. De aandeelhouder wilde vooraf zekerheid of aan de voorwaarden voor een gefacilieerde fusie was voldaan en verzocht de inspecteur dat bij beschikking vast te stellen. De inspecteur was van mening, dat niet aan de voorwaarden was voldaan, omdat direct op deze aandelenruil een tweede volgde. Die tweede ruil was onderdeel van de samenwerkingsafspraak."
http://www.gdfaccountants.nl/nieuws_37.html
Selected response from:

Chris Hopley
Netherlands
Local time: 12:46
Grading comment
3 KudoZ points were awarded for this answer



Summary of answers provided
4 +2merger will not meet the terms of the tax facility
Chris Hopley
4facilitated merger/amalgamation (of companies)R. Chakravarti


Discussion entries: 1





  

Answers


52 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
facilitated merger/amalgamation (of companies)


Explanation:
Looks like a fusion of two organizations/companies into one.

R. Chakravarti
Local time: 16:16
Native speaker of: Native in EnglishEnglish

Peer comments on this answer (and responses from the answerer)
agree  sparow: with writeaway, not myself. Careless googling can lead to bad translating... guilty as charged!
38 mins
  -> it is a question of assisted merger of two entities by ???
neutral  writeaway: can you provide refs? it may be a straightforward, literal dico translation but is that all that is needed here? if you Google "a facilitated merger" there are no hits at all. so if you can back your answer, please do.
42 mins
  -> Sorry, I don't have references.
neutral  Andre de Vries: sounds OK - but what does it actually mean?
2 hrs
  -> it is a situation of assisted merger of two entities by???
disagree  Zsanett Rozendaal-Pandur: I think you misunderstood the source term. "Gefacilieerde fusie" is a noun phrase, and "gefacilieerde" is an adjective; it is not a verb phrase, so it doesn't mean the somebody facilitated the merger, which is what you meant, seeing your replies.
1 day5 hrs
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The asker has declined this answer

4 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
gefacilieerde bedrijfsfusie niet mogelijk
merger will not meet the terms of the tax facility


Explanation:
A 'gefacilieerde fusie' is a merger that meets the requirements set by the tax administration to qualify for some beneficial tax facility. In this sense, the sentence you quote from the letter from the Belastingdienst means the inspector is of the opinion that the merger, as proposed, will not meet the terms required to qualify for the tax facility.

Presumably, he is responding to a detailed merger proposal sent by a taxpayer together with a request for a ruling ('zekerheid vooraf') on the tax consequences of the proposed merger.

-> "Iemand had alle aandelen van twee BV’s. In het kader van een afspraak tot samenwerking met een ander concern ruilde hij alle aandelen van de ene BV voor aandelen in de andere. Daardoor ontstond een holdingstructuur, waarbij de ene BV alle aandelen in de andere BV hield. De ruil is een vervreemding van aandelen, waarbij inkomstenbelasting verschuldigd is over de gerealiseerde meerwaarde. Met behulp van de aandelenfusiefaciliteit kan de belasting worden uitgesteld. De aandeelhouder wilde vooraf zekerheid of aan de voorwaarden voor een gefacilieerde fusie was voldaan en verzocht de inspecteur dat bij beschikking vast te stellen. De inspecteur was van mening, dat niet aan de voorwaarden was voldaan, omdat direct op deze aandelenruil een tweede volgde. Die tweede ruil was onderdeel van de samenwerkingsafspraak."
http://www.gdfaccountants.nl/nieuws_37.html

Chris Hopley
Netherlands
Local time: 12:46
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 43

Peer comments on this answer (and responses from the answerer)
agree  xxxjarry
25 mins
agree  Zsanett Rozendaal-Pandur: Nice explanation, too.
1 day1 hr
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