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Picture: Marc Schmitz, Partner – International Tax at Ernst & Young, Luxembourg
The European Company, or Societas Europaea (SE,) has become increasingly popular since its entry into force. The total number of SEs in the European Union, however, is still relatively low. To increase the SE’s attractiveness, more flexibility should be introduced into its rules. The rules regarding negotiations with employees are a perfect example: small companies could be exempt; discrepancies regarding employee involvement between the SE Statute and the Cross-Border Merger Directive could be softened. Further harmonization in European company and tax law would also increase the attractiveness of the SE.
Since legislation governing the SE came into force in October 2004, the...
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