Brussels, 08/12/2004 (Agence Europe) - On Tuesday, the Ecofin Council adopted a Code of Conduct, the aim of which is to remove double taxation in cross-border price transfer dossiers. Double taxation can occur when a Member State adjusts the taxable benefits of a company upwards, on the basis of its intra-group cross-border operations, and the Member State where the associated company is located neglects to readjust it back downwards accordingly.
This Code will help the dispute settlements...