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Europe Daily Bulletin No. 8555

3 October 2003
GENERAL NEWS / (eu) eu/united states/fsc
Europeans do not want to wait another three years

Brussels, 02/10/2003 (Agence Europe) - The day after the discussion in the financial committee of the American senate- which it found "encouraging"- the Union said on Thursday that it would not accept the planned transition period of three years to abolish the fiscal advantages enjoyed by foreign sales corporations (FSC) for several decades, and which were ruled against at first instance in Geneva in summer 2000. "We have been waiting for three years, so are we prepared to give the United...

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