Brussels, 10/01/2011 (Agence Europe) - On 4 January, the European Commission brought forward a proposal to recast Council Directive 90/435/EEC of 23 July 1990 on the common system of taxation applicable in the case of parent companies and subsidiaries of different member states.
The directive, the key aim of which is to exonerate from tax deduction at source any dividends and profits paid by subsidiaries to parent companies and avoid double taxation of parent companies and subsidiaries...