TAX REGIMES
October 1st, 2001
Keith NuthallEUROPEAN Union competition Commissioner Mario Monti has announced that Brussels is to clamp down on special tax regimes affecting financial services in 11 Member States, which it claims are probably so lax, they constitute illegal state aid payments that could unfairly favour local companies.In a speech to the European Parliament's economic and monetary affairs committee, Mr Monti said that in four cases, the Commission had already concluded that particular regimes could not be justified and has asked Member States to end such "tax breaks."These ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.