Ahold Delhaize says in its annual report that it “will vigorously oppose and defend” against the position of the Belgian tax authorities. According to the company, Ahold Delhaize has several legal and other options at its disposal to defend its position.
The sale took place two years after the acquisition of Delhaize by Ahold. This happened because the parent company, now called Ahold Delhaize, gradually integrated the activities of the two companies. As a result of the acquisition, Delhaize’s American chains ended up in the same company as Ahold’s American chains, which meant that all chains could jointly file their tax returns in the United States and thus save money.
Before the sale, Ahold engaged an external expert to value the American Delhaize stores. The Belgian tax authorities now say that the report of that valuation is incorrect. An expert consulted by De Tijd finds it surprising that Ahold Delhaize took over the stores without booking a capital gain because the supermarket group should have known that this would raise questions. According to the same expert, such a conflict can last for years and it is uncertain whether the tax authorities or Ahold Delhaize will ultimately win.
Ahold Delhaize has also been approached by the Belgian competition watchdog in connection with the investigation into mutual price agreements on mouth caps in supermarkets. The supermarket group said that its Belgian chain Delhaize received questions from the regulator in June last year. Delhaize cooperated and heard nothing more from the researchers after that, a spokeswoman said.
Ahold Delhaize in conflict with Belgian tax authorities: claim of hundreds of millions | Financial
Source link Ahold Delhaize in conflict with Belgian tax authorities: claim of hundreds of millions | Financial