Brussels, 04/02/2004 (Agence Europe) - The European Commission has called upon Belgium to end the regime of tax breaks enjoyed by American companies selling abroad- known as "Foreign Sales Corporations" or FSCs- establihsed within its territory. It has, however, decided not to demand the return of what turns out to be illegal State aid, in conclusion of the inquiry procedure launched in Spring 2002.
This procedure, based on article 88 (2) of the traty, confirmed that the "ruling" tax...