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Europe Daily Bulletin No. 8753

23 July 2004
Contents Publication in full By article 34 / 42
GENERAL NEWS / (eu) court of justice
Belgium must abolish tax on stock exchange transactions

Luxembourg, 22/07/2004 (Agence Europe) - The Court of Justice has ruled that Belgium is guilty of infringing the provisions of the 1969 Directive on indirect taxation of capital movements. It states that the following taxes are incompatible with EU law: - the tax on stock exchange transactions on applications made in Belgium for new securities issued when a company or investment fund is being set up; - and the tax on the delivery of bearer securities on the physical delivery of bearer...

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THE DAY IN POLITICS
GENERAL NEWS
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