26 27 KPMG
1... 2 1... 2 2... 3 2... 5 1... 5 1 CFC... 5 2... 11 3 BEPS... 25 2... 28 1 CFC... 28 2... 31 3 BEPS... 36 1
1 1 1 1 53 OECD BEPS 2
1 2 2 1. 2. 3. (a) (b) F (c) (a) (b) (c) BEPS 4. KPMG KPMG 3
1 2 E-mail KPMG 5. 26 10 1 4
2 1 2 1 1 CFC 1. 1010 10 50 50 "Controlled Foreign Corporation CFC 1 30 CFC CFC CFC CFC CFC CFC CFC 2. 35 9031.5 31.5 1 50 5
2 1 3. CFC 202015 2015 4 1 20% 2 CFC F F CFC F F Foreign Base Company Income (a) FPHCForeign Personal Holding Company Income (b) Foreign Base Company Sales Income CFC CFC 50 (c) Foreign Base Company Service Income CFC 50 2 20 6
2 1 (d) Foreign Base Company Oil Related Income / 6 3 3.1. FPHCForeign Personal Holding Company Income 954 (c) Commodity Notional Principal Contract Personal Service Contract CFC 3 7
2 1 CFC CFC 3.2. 953 Subchapter L F 8
2 1 F CFC 953 954 (c) F 2 953 (a) (b) 953 (c) Captive Insurance Company 954 (c) 954 (1) 953 (e) F 4 75% CFC 1. 50% 25% 5 75 50% Captive Insurance Company Captive Insurance Company CFC 10 F 1986 F RPIIrelated person insurance income F CFC 50 2510 4 953 (a)(1)/ 5 953 9
2 1 25 CFC 20% 4. F CFC CFC 70 F 6 6 954 (b)(3)(b) 10
2 1 2 1. CFC income from sources within the US that is effectively connected with the conduct of a trade or business within the USCFC CFC 2. 2.1. 954 (h)cfc CFC CFC 2 CFCEligible controlled foreign corporation CFC CFC CFC CFC (a) (b) (c) CFC 70% CFC CFC CFC 1934 15(a) 15C(a) 11
2 1 2.2. CFC F Exempt Insurance Income 7 CFC F CFC CFC Qualified Insurance Company CFC 50% 89 CFC CFC 30 CFC CFC Subchapter L - 7 953 (e) 8 1) 2) 9 1) CFC CFC 2) 12
2 1 (a) (b) (a)(b) (a) (b) F (c) CFC IRS (d) (e) 2013 2014 2014 CFC 10 50 CFC CFC CFC 7550 25% 13
2 1 Captive Insurance Company10 50 25 20 CFC F 10 50% CFC 2.3. 1 CFC 3.1. Commodity 3. CFC CFC 5 1,000,000 CFC De Minimis Rule 14
2 1 4. 4.1. 1962 954 CFC 1986 Tax Reform Act 1997 Taxpayer Relief Act 954 (h) 2011 2014 1962 Revenue Act F 1986 Tax Reform Act 1986 Tax Reform Act 15
2 1 F 1997 Taxpayer Relief Act 954 (h) CFC 1998 F CFC 1986 Tax Reform Act F 1997 Taxpayer Relief Act 1 CFC CFC 70% CFC CFC CFC 1934 15(a) 15C(a) 16
2 1 CFC 1998 Tax and Trade Relief Extension Act 1999 4.2. 1960 F 1962 Revenue Act 1962 Revenue Act 953 5% F 957 (b) CFC 50% 25%10% 1962 Revenue Act 1976 Tax Reform Act 17
2 1 1/3 1/3 1984 Deficit Reduction Act CFC 1986 Tax Reform Act F CFC Same-Country Income Exception 5% 50% 25% Captive Insurance Company1970 1980 10% CFC 25% 25% 10% CFC CFC 18
2 1 1/3 CFC "Passive Foreign Investment Company PFIC 1988 Technical and Miscellaneous Revenue Act CFC F 1998 Tax and Trade Relief Extension Act Same-Country Income Exception Qualified Insurance Company Exempt Insurance Income F 19
2 1 CFC PFICPassive Foreign Investment Company 1. CFC PFICPFIC CFC PFIC 2. 1297(a) PFIC 1) 75 PFIC 10 2) 50 PFIC 11 12 13 3) PFIC 1297(b)(1)954(c) 14 10 1297 (a)(1) 11 1297 (a)(2) 12 Notice 88-22 13 1297 (f)(1)(a) 14 1297 (b)(1) 20
2 1 15 PFIC L 954(d)(3) FSC (Foreign Sales Corporation) 16 954(d)(3) 5050% 4) Subsidiary Look-through Rule PFIC 25 17 5) Related Party Look-through Rules 954(d)(3) 15 954 (c)(1)(b) 16 1297 (b)(2) 17 1297 (c) 21
2 1 18 6) Domestic Corporation Look-through Rule 25 PFIC Qualified Stock Qualified Stock1298(b)(8) regulated investment companyreal estate investment trust Look-through Rule 4)Subsidiary Look-through Rule6)Domestic Corporation Look-through Rule 3. PFIC PFICPFIC 1) (Qualified Electing FundQEF) PFICPFIC PFICPFIC PFIC PFIC 1291(a)(1) (c)(2)pfic 18 1297 (b)(2)(c) 22
2 1 3125 19 201120122013PFIC 100110120110 2014152.515= $152.5 - $110 x 125% PFIC201120122013 20 152.5PFIC 2014137.5= $110 x 125% Ordinary Income 2011 2012 2013 2014 100.0 110.0 120.0 152.5 (137.5) 3 x 125% 15.0 2) QEF PFIC PFICQualified Electing Fund( QEF ) QEF 21 QEF PFIC QEF 19 1291 (b)(2) 20 1291 (c)(2). 3% 6621 (a)(2) 21 1293 (a)(1) 23
2 1 22 QEF 3) PFICMark-to-Market Election PFICMark-to-market Election PFIC (1) (2) 23 4) PFIC Form 8621 QEF PFIC Form 22 1293 (c) 23 1296 (a) 24
2 1 3 BEPS 1. United States Job Creation and International Tax Reform Act of 2012 24 F (1) F F (2) F F F CFC 10% 50% 35%17.5%CFC CFC CFC 25 "Qualified business income 17.5% CFC CFC CFC 2. 2013 2 F Full inclusionminimum tax regime 24 February 9, 2012 by Statement of Senator Michael B. Enzi 25 954 (b)(4) 25
2 1 De Minimis Rule F 2 CFC CFC CFC 26 F 80% CFC De Minimis Rule CFC look-through Rule Same-Country Exception CFC lending, finance, or financial services business 80% CFC lending, finance, or financial services business 26 CFC 26
2 1 27
2 2 2 1 CFC 1. CFC 1 50% 27 5 50 50 PE CFC PE CFC PE 2. CFC Privileged Tax Regime CFC CFC CFC 50%CFC Privileged Tax Regime 2014 33 1/3% 7,630,000 763,000 3.3% 33 27 28
2 2 1/3% x 103.3% = 34.43% 2.5 10.7%33 1/3% x (100% + 3.3% + 10.7%) = 38% 3. 3.1. CFC CFC CFC CFC CFC 209 B-I CFC PE CFC CFC CFC CFC CFC 28 CFC 29 3.2. CFC 30 31 28 Article 102, Appendix II 29 Article 102, Appendix II XA 30 Article 209 B 31 Article 102 U, Annex II 29
2 2 CFC CFC CFC 30
2 2 2 1. CFC industrial activity or commercial activity CFC 2012 8 18 EU CFC CFC EU CFC 2. EU The non-eu exception CFC CFC Non-Cooperative State or Territory (NCST) 32 CFC Effect Purpose 1 CFC CFC CFC CFC CFC CFC 32 Article 238-0 A CFC EU OECD Global Forum on Transparency and Exchange of Information 12 31
2 2 2 CFC CFC 33 CFC CFC CFC CFC CFC CFC CFC CFC 33 CFC 209 IIIB 2012 20%50% CFC CFC 32
2 2 CFC 34 3. EU "The EU exception CFC EU CFC CFC Sagal Case Law 35 EU 34 Administrative Court of Appeal of Versailles, July 18th, 2013 n 12VE04202 and 12VE04358 SA BNP Paribas 35 Administrative Supreme Court, May 18th, 2005 Sagal. GAAR (General Anti-Avoidance rule)cfc CFC 33
2 2 EU CFC CFC 2. CFC OECD Territoriality principle 1920 5%2 36 CFC 1980 CFC CFC 25% CFC 1993 CFC 2002 6 28 Schneider Electric 37 CFC 36 5%3.3% 1.72%= 5% x 33 1/3 x (1 + 3.3% 34
2 2 EU CFC 38 EU CFC EU 2012 33 CFC 37 Schneider Electric (Conseil d Etat, 28 June 2002, n 232276) 38 Cadburry Schweppes case (ECJ September 12th, 2006 C196-04) 35
2 2 3 BEPS BEPS 3 WG 11 CFC CFC CFC CFC CFC CFC CFC 2014 3 20 1 CFC CFC 36