ECJ GERMANY NEGATIVE INCOME TAX RETURN CASE GERMANY
February 1st, 2006
BY KEITH NUTHALL
EUROPEAN Union (EU) tax authorities must take into account financial losses incurred by taxpayers in a foreign EU member state when assessing tax, if they recognise such losses generated in their home country, the European Court of Justice has ruled. Judges said Germany broke European rules guaranteeing the freedom of movement of EU citizens between member states by refusing to allow a German couple working in Germany to claim financial losses associated with living in a house in France, rather than renting it out. Such housing costs can be ...
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