UK PENSIONS – ECJ
July 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Commission has pressured the British government to allow contributions to foreign European Union (EU) pension funds to be tax deductible. The move - a final warning letter threatening possible action at the European Court of Justice - comes as the UK is considering an overhaul of its pension system. The Commission claims that rules insisting on tax deductible pension policy administrators being based in Britain break EU law. It is also has "serious concerns" about rules insisting such funds be incorporated as a trust. Its note ...
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