Easing up on debt-to-equity conversions

Expert overview of the object, content, impact and effects of the Bill contained in the Press Report of the Dutch State Secretary of Finance of 24 December 2003, no. 2003-282 (KSt 29-381) on the tax treatment of debt to equity conversions and on the proposed amendments to Dutch participation exemption. The functioning and consequences of the proposed rules are analysed and compared with the current regime.