Brussels, 12/01/2004 (Agence Europe) - On 30 December, the European Commission adopted a proposal of directive aimed at strengthening the directive of 3 June 2003 establishing a common tax regime applicable to interest and royalties payments between associated companies of different Member States.
The directive mainly provides for the abolition of all taxation on interest payments and royalties in the Member States from where these payments come, for the tax to be levied through withholding...