Brussels, 23/08/2000 (Agence Europe) - The European Commission has decided to send Spain a reasoned opinion for tax discrimination towards foreign shareholders. On receipt of the opinion, the Spanish authorities will have two months to provide a satisfactory response, otherwise the Commission could turn to the European Court of Justice.
The European commission is targeting an Article in Spanish law (Article 103.3) on company tax, concerning cases of total or partial takeovers of a company...