DOUBLE TAXATION CONCERN
May 1st, 2005
BY KEITH NUTHALLTHE EUROPEAN Car & Truck Rental Association (ECATRA) has called on the European Union (EU) to create taxation legislation allowing leasing companies to be refunded motor tax when transferring vehicles between EU countries. In a consultation paper for the EU's ongoing CARS21 review of automobile policy, ECATRA said this was "one of the main problems facing the industry", which often wanted to move vehicles to re-sell them. It explained: "Leasing companies in many instances suffer from being taxed twice for the same product - double taxation - ...
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