BASQUE TAXES
August 1st, 2002
Keith NuthallTHE EUROPEAN Commission has made it clear that it will not countenance the creation of certain special tax regimes within the European Union for so-called coordination centres, that provide services including banking, marketing, insurance and logistics to companies within an international group.It has declared illegal tax breaks made available to coordination centres within in Basque Country province of Biscaye, in Spain, even though the system was abolished by the Spanish government earlier this year. Biscaye centres had been allowed to calculate ...
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