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Europe Daily Bulletin No. 8012

23 July 2001
Contents Publication in full By article 14 / 35
GENERAL NEWS / (eu) eu/tax
Commission bases its proposal on tax on savings on legal basis that avoids EP co-decision

Brussels, 23/07/2001 (Agence Europe) - Visibly decided to facilitate the adoption of its new proposal for a directive on the tax on savings by end-2002 (see EUROPE of 19 July, p.9), the European Commission has opted to base itself on a legal basis that avoids the co-decision procedure with Parliament. Against the opinion of its own legal services, the Commission has indeed confirmed that the directive will be based on Article 94 of the Treaty, which provides for the Council voting through...

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