A NUMBER of tax regimes run by European Union countries are being investigated by the European Commission, which is following up suspicions that they are so loose, they amount to a breach of the EU's competition laws.

In four of the eleven cases - Belgium, Greece, Italy and Sweden - Brussels has already concluded that the systems cannot be justified and has asked that they be stopped. Investigations are continuing against others, including Gibraltar where the Commission says there are doubts over whether existing ...

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