Brussels, 20/10/2003 (Agence Europe) - The European Commission has made a proposal for its new draft merger directive that updates, clarifies and broadens the scope of the European Community's Directive that provides for tax deferral in the case of cross-border mergers. "European companies" and European Cooperative Societies" are included in the list of companies affected by the directive.
This system has been designed as a short term measure, while waiting for the possible creation of a...