Brussels, 07/08/2003 (Agence Europe) - The European Commission has adopted its new draft direction of taxing parent companies and subsidiaries and allowed for tax exemptions at the profits sources distributed between subsidiaries. This directive will replace the legislation in force over the last fifteen years and the previous proposal of 1993 blocked at the Council
This new draft will bring the minimum threshold for participation between companies down from 15-10% a level at which...