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Image header Agence Europe
Europe Daily Bulletin No. 8662
Contents Publication in full By article 30 / 31
GENERAL NEWS / (eu) eu/court of justice

Condemnation of France which can no longer apply as such a provision of the tax code on application of a fixed levy on income arising from investment

Luxembourg, 09/03/2004 (Agence Europe) - The European Court of Justice has, at the request of the European Commission, found France guilty of having maintained a tax legislation on levies that are in contradiction to the provisions of the Treaty.

According to French legislation on taxation on natural persons (Article 125 of the "Code général des impöts"), the proceeds of certain investments are exempted from income tax when the taypayer chooses withholding at source, on condition that...

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