PARENT-SUBSIDIARY DIRECTIVE
September 1st, 2003
BY ALAN OSBORNTHE EUROPEAN Commission wants to widen the scope of European Union (EU) legislation limiting the taxation of dividends paid by subsidiaries to parent companies in a general overhaul of company taxation systems, which it says have "failed to keep up with developments such as globalisation, economic integration in the internal market and economic and monetary union." Existing legislation bars withholding taxes on payments of dividends between associated companies in different Member States and prevents the double taxation of parent companies regarding ...
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