Please find the brochure with programme here

Amsterdam Centre for Tax Law
The Tax Aspects
of Real Estate
Investment Trusts
Conference Amsterdam
14 November 2014
• OECD REIT Report
• International Tax
Law Aspects
• EU Law Aspects
Chairs
Prof. Willard Taylor | Prof. Hein Vermeulen
Speakers and Moderators
Prof. José Almudi Cid | Frederik Boulogne
Jeroen H. Elink Schuurman MRE | Prof. Arnaud de Graaf
Prof. Werner Haslehner | Paul Hondius | Fraser Hughes
Richard van der Linden | Prof. Raymond Luja | Luis Nouel
Prof. Willard Taylor | Prof. Hein Vermeulen | Prof. Peter Wattel
Prof. Dennis Weber | Prof. Stef van Weeghel | Ronald Wijs
Limited seats available | actl.uva.nl
REITs in three perspectives
Specialists from practice, government and academia
will discuss the operation of REITs in a global
environment from three perspectives. First, from
the perspective of the REIT that invests crossborder in real estate or real estate companies.
How is the REIT taxed by the country in which
it invests? How are foreign income and foreign
taxes treated by the country in which the REIT
is organized? Second, from the perspective of an
investor in the REIT, whether foreign or domestic.
Third, from the viewpoint of the tax authorities.
Questions that will be addressed include whether
a REIT is entitled to tax treaty benefits, whether
there are treaty provisions in place to ensure the
appropriate level of taxation, whether REITs
are within the scope of the EU Tax Directives,
and how can a government make sure that it can
levy tax on income from its domestic real estate?
Future developments will also be discussed,
including an outline for an EU REIT and legislative proposals in a number of EU countries and
the U.S.
Speakers and Moderators
- Prof. José Almudi Cid (Complutense
University Madrid)
- Frederik Boulogne (VU University Amsterdam)
- Jeroen H. Elink Schuurman MRE (PwC)
- Prof. Arnaud de Graaf (Rotterdam University/
Dutch Ministry of Finance)
- Prof. Werner Haslehner (University of
Luxembourg)
- Paul Hondius (OECD/ACTL)
- Fraser Hughes (EPRA: European Public Real
Estate Association)
- Richard van der Linden (Prologis/INREV)
- Prof. Raymond Luja (Maastricht University/
Loyens & Loeff)
- Luis Nouel (IBFD)
- Prof. Willard Taylor (NYU)
- Prof. Hein Vermeulen (ACTL/PwC)
- Prof. Peter Wattel (ACTL/Dutch Supreme Court)
- Prof. Dennis Weber (ACTL/Loyens & Loeff)
- Prof. Stef van Weeghel (ACTL)
- Ronald Wijs (Loyens & Loeff/INREV)
Chairs
Prof. Willard Taylor (NYU) and Prof. Hein Vermeulen (ACTL/PwC)
Venue
Tinbergen Institute Amsterdam
Gustav Mahlerplein 117
1082 MS Amsterdam, The Netherlands
tinbergen.nl
Participation
Door het deelnemen aan deze Conference kunnen
7 opleidingspunten worden verzameld voor de
Permanente Educatie-verplichting van de
Nederlandse Orde van Belastingadviseurs (NOB).
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Amsterdam Centre for Tax Law
Application
For applications visit actl.uva.nl >
news & events
Please note that there are
limited seats available
Amsterdam Centre for Tax Law
The Amsterdam Centre for Tax Law (ACTL) is the tax law research centre of
the University of Amsterdam. ACTL members conduct research into various
subjects of tax law, with strong emphasis on Corporate Taxation,
International Tax Law and European Tax Law.
Within the University of Amsterdam, the ACTL is considered to be a Centre of Excellence.
The research of the ACTL belongs to the ‘Private and Public European law priority area’,
which is one of the Amsterdam Law School research priority areas.
The ACTL comprises 22 researchers, 7 professors, 8 assistent-professors, 8 Phd-researchers.
In addition, several external researchers are associated with the ACTL.
The ACTL regularly organizes conferences, seminars and courses
The Director of the ACTL is professor dr. Dennis Weber, professor of European Corporate Tax Law.
ACTL professors are: prof. dr. R. (Rob) P.C. Cornelisse, prof. dr. O. (Otto) C.R. Marres,
prof. dr. B. (Ben) J.M. Terra, prof. dr. H. (Hein) Vermeulen, prof. dr. P. (Peter) J. Wattel and prof. dr.
S. (Stef) van Weeghel
Visit our website
actl.uva.nl
Join us on
Become a member of the ACTL-group on Linkedin and get updated about events/prepublications
and more of the ACTL.
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The Tax Aspects of Real Estate Investment Trusts
Programme conference
Venue: Tinbergen Institute Amsterdam
Amsterdam, The Netherlands
08.30 - 09.00
Registration/Coffee
09.00 - 09.15
Opening
Prof. Willard Taylor (NYU) and Prof. Hein Vermeulen (ACTL/PwC)
Panel 1: REITs and its investments
Chair: Prof. Willard Taylor (NYU)
09.15 - 11.00
11.00 - 11.15
11.15 - 13.00
13.00 - 14.00
14.00 - 15.45
15.45 - 16.15
16.15 - 18.00
18.00 - 18.15
18.15 -
1. Eligible assets of a REIT; Luis Nouel (IBFD)
2. Taxable REIT subsidiaries in the Netherlands, US and other countries; Prof. Hein Vermeulen
(University of Amsterdam/ACTL/PwC)
3. Exit taxes; an easy way into the REIT?; Prof. José Almudi Cid (Complutense University Madrid)
Break
Panel 2: Double Tax Treaties and non-resident taxation
Chair: Prof. Stef van Weeghel (University of Amsterdam/ACTL/PwC)
1. Recent provisions in Double Tax Treaties: Prof. Arnaud de Graaf (Rotterdam Erasmus
University/Dutch Ministry of Finance)
2. Non-resident taxation of REIT shareholders; Prof. Willard Taylor (NYU)
3. U.S. REITs operating globally; Richard van der Linden (Prologis/INREV)
Lunch break
Panel 3: European Tax Law Issues
Chair: Prof. Peter Wattel (University of Amsterdam/ACTL/Netherlands Supreme Court)
1. REITs and EU Directives; Frederik Boulogne (VU University Amsterdam)
2. Non-discrimination under TFEU and OECD MTC; Prof. Werner Haslehner (University of
Luxembourg)
3. Regimes for REITs and State Aid; Prof. Raymond Luja (Maastricht University/Loyens & Loeff)
Break
Panel 4: Alternatives to and Suggestions for REITs
Chair: Prof. Dennis Weber (University of Amsterdam/ACTL/Loyens & Loeff)
1. Taxable and Tax Transparent Investment Structures; Jeroen H. Elink Schuurman MRE (PwC)
2. The view of the European REIT Industry; Fraser Hughes (EPRA)
3. A possible outline for an EU REIT; Ronald Wijs (Loyens & Loeff/INREV)
Closing Statements
Prof. Willard Taylor (NYU) and Prof. Hein Vermeulen (ACTL/PwC)
Drinks
Poster Programme
REITs and tax neutrality; Paul Hondius (OECD/University of Amsterdam/ACTL)
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Amsterdam Centre for Tax Law
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The Tax Aspects of Real Estate Investment Trusts
Main Academic locations
Outside the walls of academia
1 Royal Netherlands Academy of
Arts and Sciences (KNAW)
Het Trippenhuis
Kloveniersburgwal 29
2 Amsterdam Centre for Tax Law
Nieuwe Doelenstraat 15
3 Radisson Blu Hotel
Rusland 17
4 Faculty of Law (UvA)*
Oudemanhuispoort 4-6
5 Faculty of Social and Behavioral
Sciences (UvA)**
Kloveniersburgwal 48
Room VOC-room
6 University Library (UvA)***
Singel 425 | Room The Doelenzaal
7 Tinbergen Institute Amsterdam
Gustav Mahlerplein 117
A Café de Jaren
Nieuwe Doelenstraat 20-22
B Restaurant de Waag
Nieuwmarkt 4
C Restaurant ’t Loosje
Nieuwmarkt 32-34
D Restaurant Namkee
Zeedijk 111-113
E Café ‘In ’t Aepjen’
Zeedijk 1
F Restaurant Harkema
Nes 67
G Bar Italia
Nes 96
H Restaurant Greetje
Peperstraat 23-25
I Restaurant Blauw aan de Wal
Oudezijds Achterburgwal 99
J Dante Kitchen & Bar
Spuistraat 320
K Restaurant Vinkeles (Dylan hotel)
Keizersgracht 384
A10
De
Ru
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Amsterdam Zuid Station
A10
Gustav
Mahlerplein
Amsterdam
Central station
Ke
ize
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rac
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Gustav Mahlerlaan
Ni
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Da
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Zeed
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George Gershwinlaan
De Boelelaan
Dam
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Ou
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zijd
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bu
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Royal
Palace
J
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Spu
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Sin
at
stra
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uw
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i
N
2
Rembrandt
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Amsterdam Centre for Tax Law
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Allard Pierson
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C
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Spuistraat
Keizersgracht
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Piet He
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Oe
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Arnold Schönbergl
IJ
Outside the walls of academia
Neighbourhood of the Faculty of Law
The ACTL is situated in one of the oldest parts
of the city of Amsterdam. The Nieuwmarkt
square is only a short distance from the Faculty
of Law. The square was created in 1614, during
the redevelopment of Amsterdam. In the centre of
the Nieuwmarkt stands the ‘Waag’ (the Weighinghouse). Now a restaurant (www.indewaag.nl/
en/), it was formerly the city gate to Amsterdam,
as a defence against intruders.
In the seventies, the tunnel for the metro line was
constructed near the square. To accommodate
this, many houses were demolished, despite
dissention of the residents. This led to the
Nieuwmarkt riots in 1975. The square was given
its present form at the beginning of the nineties.
An abundance of cafes and restaurants encircle the
square. Pop into ’t Loosje’ (Nieuwmarkt 32-34).
The square still serves as a market area: it houses
a daily market, a biological market on Saturdays
and in summer, a flea market on Sundays. An
unusual detail is that nowadays, the street names
in the area of the Nieuwmarkt are signed in Dutch
and in Chinese characters. This is because the
Nieuwmarkt neighbourhood houses many
Chinese residents and businesses. You will also
find many Chinese and Thai restaurants there.
One of the best known is ‘Namkee’. A book
has been written about this restaurant
(www.namkee.nl). The Nieuwmarkt has two
ATM machines and one supermarket. On the
north side of the Nieuwmarkt, there is a famous
long street called ‘Zeedijk’, which takes you all
the way to NS Central train station. There you
will find many typical Amsterdam cafes and
pubs. Hot tip - visit one of the oldest bars in
Amsterdam, housed in one of the only two
remaining 15th century wooden houses, called
‘In ’t Aepjen’ (‘In the Monkey’), at Zeedijk
number 1. One explanation to this name is that
the owner kept monkeys, which had been
brought back from the East. The monkeys had
fleas, which in turn, worried the guests of the
boarding house with itch. Thus the origin of the
Dutch expression, ‘in de aap gelogeerd zijn’,
which literally translated is, ‘lodged with the
monkey’, and in fact means, ‘up the creek’ or ‘in
7
The Tax Aspects of Real Estate Investment Trusts
a fix’. Another explanation for the name of this
famous building is that many sailors lodged there
for the night before boarding the ship that was to
take them to the East. Many never returned from
these hard voyages. So, if you had ‘in de aap
gelogeerd’ there was a big risk that you would
never see Amsterdam again, and that you were
‘in for it’. The cafe is now a very snug looking
pub where you can sample the original ‘van
Wees’ Jenever (Dutch gin) from Amsterdam.
Close to the Oudemanhuispoort is the ‘Nes’, a
street with restaurants and theatres. Restaurant
Harkema has good food and reservations are
usually not necessary (www.brasserieharkema.nl).
Bar Italia (Nes 96) is a safe alternative for drinks,
espresso and/or Italian food (www.bar-italia.nl).
If you fancy sampling Dutch cuisine, try ‘Greetje’
(www.restaurantgreetje.nl). For a unique
experience and a first-class dinner, visit Blauw
aan de wal (Oudezijds Achterburgwal 99; tel:
020-3302257). You will find it up a tiny alleyway
in the hub of the Red Light District. Right next
to the office of the ACTL you will also find café
De Jaren. This is one of the biggest cafés of
Amsterdam, since it is two stories high, and it
has a terrace looking over the canals with its own
small jetty. Last but not least, there is Dante
Kitchen & Bar. The Dante café made a big name
for itself during the 1990s as the café were Dutch
painter Herman Brood painted and even lived
for a while. Nowadays Dante has reinvented
itself with two terraces, one overlooking the
Spuistraat and the other the Singel.
Discounted rooms are available at the Radisson Blu Hotel, Amsterdam. The hotel is located at Rusland 17, in one
of the oldest parts of Amsterdam.
Please find below instructions for booking a hotel room:
n Visit the website: www.radissonblu.com/hotel-amsterdam
n On the right side type in the dates you would like to stay at the Radisson Blu
n Click on ‘more search options’
n Type in ‘ACTL’ in the field promotional code
n Click ‘view rates’
n The special rates will appear on the screen
n Your booking can be completed and needs to be guaranteed with a credit card
n Your reservation can be cancelled until 24 hours in advance
Design: crasborn.nl | 14273 | Photo p. 5 Udo Geisler
Radisson hotel - Discount

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