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Europe Daily Bulletin No. 8619

9 January 2004
Contents Publication in full By article 10 / 32
GENERAL NEWS / (eu) eu/taxation
Commission intends to end all tax discrimination against foreign dividends - without harmonising national tax legislation- Commission plans to take legal action against Member States that don't cooperate

Brussels, 08/01/2004 (Agence Europe) - "Citizens investing in foreign companies are entitled to the same tax treatment as citizens investing in their own country and, likewise, dividends paid to non-residents cannot be taxed at a higher level than dividends paid to residents" said Taxation Commissioner Frits Bolkestein. "The Commission will do whatever it takes to ensure that Member States respect these simple rules". These are the terms employed by Commissioner for taxation Frits Bolkestein...

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