commiss decis april treatment netherland tax author technoleas agreement philip rabobank notifi document number dutch text authent text eea relev ec commiss european commun regard treati establish european commun articl paragraph request parti concern submit comment pursuant articl procedur mean press articl date januari februari mention netherland tax author accept technoleas agreement philip rabobank impos larg unspecifi burden state budget commiss inform netherland grant aid philip rabobank framework technoleas agreement letter april commiss inform netherland procedur provid articl ec treati initi respect aid grant form tax advantag framework agreement sale leaseback philip rabobank technoleas agreement commiss receiv comment member state parti concern ii descript philip sold defin quantiti balanc sheet nlg million subsidiari electrologica return philip receiv share electrologica provid loan annual interest rate electrologica leas philip turn compens royalti receiv philip novemb philip rabobank agre philip sell share electrologica rabobank januari market estim nlg million rabobank paid nlg million cash philip share electrologica addit philip claim electrologica moment subsidiari rabobank rabobank philip agre futur revenu sublicens part electrologica parti philip rabobank sale leaseback contract philip electrologica provid yearli interest payment nlg million electrologica philip yearli royalti payment nlg million philip electrologica year elaps acquisit share electrologica rabobank rabobank month sell share electrologica philip nlg million transfer share electrologica philip rabobank electrologica longer part tax group philip mean taxabl incom elecrtrologica longer consolid taxabl incom philip transfer electrologica form part tax group rabobank taxabl incom electrologica consolid taxabl incom rabobank technoleas agreement impli shift taxabl incom tax group philip tax group rabobank exclus depreci shift philip rabobank return philip receiv rabobank cash payment nlg million inter group debt nlg million convert loan rabobank impli substanti improv figur balanc sheet philip philip rabobank privat enterpris philip list amsterdam exchang rabobank cooper netherland author stakehold technoleas agreement commerci transact privat parti commiss decid initi procedur pursuant articl ec treati connect tax treatment technoleas arrang doubt assess burden impos state budget inform need depreci period depreci rate basi depreci revalu nlg million nlg million lack solid basi clear taxabl profit philip year philip realis full benefit depreci inform tax rule govern sale leaseback immateri asset assess discretionari power netherland tax author benefit philip rabobank iii observ interest parti commiss commun give member state parti notic submit observ publish offici journal european commun novemb part procedur member state parti submit observ commiss iv comment netherland netherland author forward observ commiss letter octob gener posit netherland author element state aid treatment netherland tax author technoleas agreement philip rabobank appli gener tax rule discretionari power addit address specif question put forward commiss meet repres netherland commiss held februari hagu repres commiss enabl examin confidenti document inform miss commiss request addit inform letter date april respons netherland author provid need inform letter date april observ submit netherland author explain civil tax law netherland special provis assess sale leaseback transact interpret law high court netherland found jurisprud make clear sale leaseback transact legal valid exist law netherland special provis exist assess tax author sale leaseback immateri asset technoleas agreement philip rabobank assess basi principl quot sound busi practic quot laid netherland tax law principl sound busi practic owner fix asset yearli deduct percentag asset taxabl incom central issu case sale leaseback immateri asset ownership li side lessor side lesse assess ownership made accord civil tax law jurisprud netherland tax author approv case sale leaseback immateri asset trade mark interpret gener tax rule book transfer electrologica philip rabobank base cost minu leav cost element principl prudenc rule concept sound busi practic netherland netherland tax law prescrib revalu asset book market moment subsidiari leav tax group hidden reserv tax market electrologica moment transfer rabobank determin basi oecd guidelin transfer price royalti interest amount nlg nlg million fulli paid philip rabobank period year length contract royalti payment philip rabobank settl cash payment rabobank philip impli rabobank deduct royalti philip ow cash payment philip guidelin assess sale leaseback immateri asset publish direct august netherland tax author give interpret gener tax law chang netherland tax law argu posteriori applic direct technoleas agreement philip rabobank alter outcom argument develop subsequ correspond meet held commiss netherland author provid detail inform depreci scheme appli philip rabobank figur taxabl incom philip rabobank contract underli technoleas agreement philip rabobank electrologica apprais technic apprais oper commiss take consider sale leaseback asset wide financ scheme member state european commun abroad consequ sale leaseback asset lessor acquir ownership asset obtain exclus depreci acquir asset tax purpos examin tax legisl member state lead conclus hold vast major member state commiss support notion made netherland author exploit immateri asset principl differ exploit asset special properti immateri asset special condit appli exploit immateri asset respect public netherland tax author direct guidelin sale leaseback immateri asset consid odd appli gener tax rule transfer share electrologica philip rabobank electrologica longer part tax group philip mean taxabl incom electrologica longer consolid taxabl incom philip transfer electrologica form part tax group rabobank taxabl incom electrologica consolid taxabl incom rabobank technoleas agreement implic exclus depreci deduct tax allow shift philip rabobank technoleas agreement decreas taxabl incom rabobank increas taxabl incom philip allow rabobank pai tax technoleas agreement philip time pai tax due technoleas agreement philip make taxabl book profit nlg million realis sale subsidiari electrologica rabobank dutch tax author provid inform enabl commiss certifi philip rabobank unsettl fiscal loss time technoleas agreement figur taxabl incom philip rabobank lead commiss conclus philip rabobank posit benefit fulli depreci prospect futur profit promis philip rabobank chang taxabl incom result chang tax revenu state detail shift taxabl incom philip rabobank tax revenu state tabl sale electrologica rabobank tax group philip depreci linearli year basi book nlg million miss depreci increas taxabl incom philip nlg million year year tax rate sale electrologica rabobank fiscal depreci base book nlg million year consist depreci remain book reduc balanc method year linear depreci year depreci decreas taxabl incom tax group rabobank nlg million year nlg nlg million year nlg till nlg million year tax rate royalti interest payment philip rabobank place period year length contract royalti payment philip rabobank settl cash payment rabobank philip purchas electrologica actual transfer monei made philip rabobank philip rabobank agre loan nlg million philip electrologica redeem end contract debt convers tax neutral vast jurisprud netherland revenu sublicens electrologica parti contract divid equal philip rabobank tax inform receiv revenu expect half durat contract column tabl show increas taxabl incom tax group rabobank result royalti payment made philip electrologica column show decreas taxabl incom tax group rabobank result interest payment made electrologica philip depreci electrologica fourth column show decreas taxabl incom tax group philip result royalti payment philip rabobank column show increas taxabl incom tax group philip due interest receiv electrologica miss depreci final book profit philip made sell electrologica rabobank column tabl sum shift taxabl incom row tabl show present shift taxabl incom tabl show impact taxabl incom tax revenu base tax rate tabl technoleas agreement effect tax revenu rise short term fall long term shift time tax revenu attribut circumst electrologica leav philip tax group prior transfer rabobank previous hidden reserv realis subsequ tax year differ depreci scheme philip rabobank depreci extent deceler futur tax revenu sublicens parti left overview purpos tax revenu irrelev revenu receiv philip case sold rabobank revenu divid philip rabobank philip rabobank agre term technoleas agreement tabl shift taxabl incom due technoleas year gt tabl gt tabl shift tax revenu effect tax rate due technoleas year gt tabl gt technoleas agreement expect benefit state budget sens tax revenu acceler deceler discount benefit amount nlg million discount rate tax benefit rabobank fulli paid philip pai tax tax benefit rabobank consid part fee philip pai financi servic suppli rabobank estim made time dutch administr mention press articl suggest technoleas agreement impos burden state resourc appear overlook tax consequ technoleas agreement side philip applic articl ec treati tax treatment oper technoleas agreement assess basi criteria laid articl ec treati element state aid present technoleas agreement advantag expens state resourc consid aid advantag specif select favour enterpris product final establish competit trade member state affect effect trade state open procedur philip rabobank oper netherland commun market aid compani place posit compet product servic member state difficult competitor member state compet netherland aid philip rabobank affect trade member state select charact discretionari power treatment econom agent discretionari basi individu applic gener tax measur take featur select measur regard doubt netherland tax administr exercis discretionari power benefit philip rabobank appli gener tax rule commiss consid favour assumpt tax administr exercis extent discretionari power benefit philip rabobank fact govern interven dossier intervent prompt pressur exercis philip put end conflict place insid fiscal administr conflict bear interpret gener tax rule delai answer transact submit civil tax law netherland specif provis assess tax author sale leaseback transact assess base gener principl quot sound busi practic quot laid dutch tax law appli principl technoleas agreement main question rabobank obtain ownership purchas share electrologica justifi benefit depreci regard econom owner asset owner bear risk posit neg regard end asset rabobank entitl surplu book end contract revenu sublicens parti basi inform commiss conclud netherland law jurisprud consid suffici establish risk ownership direct sale leaseback immateri asset netherland tax author publish august concentr condit econom ownership direct present guidelin interpret netherland tax law make chang law direct publish technoleas agreement rabobank philip test technoleas agreement satisfi posteriori condit laid direct invalid conclus gener tax rule appli direct sale leaseback immateri asset depend meet suffici condit origin owner stipul exclus asset question factual power dispos immateri asset end leas period relev durat leas shorter lifetim depreci relat leas payment account end transfer price arm length tax administr test leas payment benefit lessor enabl lessor make cost includ depreci interest direct condit fulli met long meet condit compens meet condit condit suffici met appli condit posteriori technoleas agreement philip rabobank yield result leas back philip principl exclus agreement explicitli forese possibl philip capitalis hand licens parti regard case philip hand licens parti agreement rabobank entitl percent revenu mutual interest philip rabobank engag hand licenc time philip major reorganis back core busi close product line reason philip stakehold hand licens parti inform receiv conclud sublicens parti common practic philip direct specif question factual power dispos immateri asset end leas period relev decid qualifi agreement quot exclus quot clear rabobank power note rabobank oblig sell share electrologica back philip end leas period termin leas back agreement electrologica philip januari durat leas year commiss reason suspect expect lifetim durat leas period depreci acquir asset year rabobank regard normal light function long term fund transfer price base oecd transfer price guidelin applic transfer tax administr test approv transfer price normal cost minu method appli purpos netherland commiss consid decd guidelin basi valuat commerci net calcul rabobank consid made commerci sound transact possibl extra revenu rabobank philip licens parti revalu end leas contract commiss conclud technoleas agreement philip rabobank posteriori regard suffici meet condit laid netherland tax author direct sale leaseback immateri asset aforement condit concentr ownership asset direct demand econom rational sale leaseback immateri asset order prevent ab sale leaseback purpos tax avoid econom rational technoleas agreement found philip aim improv fund balanc sheet figur rabobank interest long term fund oper crucial technoleas agreement philip rabobank urgent cash flow side philip liquid ratio philip fall short time danger lose aa rank debtor financi consortium philip longer prepar suppli cash liquid hidden reserv kind resort fact tax author approv sale leaseback immateri asset interpret gener tax rule evid favour conclus tax author appli gener tax rule establish gener tax rule appli check enterpris engag sale leaseback immateri asset netherland author suppli name enterpris philip sale leaseback immateri asset order gener cash flow case date philip rabobank agreement press releas conclud enterpris compar philip felt sale leaseback immateri asset open econom rational put doubt fiscal gain sale leaseback oper shown point expect actual loss tax revenu state contrari tax benefit result discount amount nlg million state resourc point tax treatment technoleas agreement impos burden state resourc vi conclus light aforement consider commiss conclud netherland author select grant fiscal advantag philip rabobank discretionari interpret fiscal law expens state resourc element state aid fall articl parti involv technoleas agreement philip rabobank commiss adopt decis articl treatment netherland tax author technoleas agreement philip rabobank constitut aid mean articl ec treati articl decis address kingdom netherland brussel april commiss karel van miert member commiss oj bnb keerew sogeleas high court netherland decid sale leaseback print press legal valid dutch law standard condit annex articl law corpor tax oecd report quot transfer price guidelin multin enterpris tax administr quot commiss regul eec novemb applic articl treati licens agreement oj differ depreci scheme philip rabobank ascrib netherland author fact plai significantli role capit asset philip role plai rabobank pure financi asset bnb bnb creditor bnb debtor discount lower rate result smaller benefit state budget commiss notic applic state aid rule measur relat direct busi taxat oj mere fact immateri asset prohibit transfer