Brussels, 21/01/2005 (Agence Europe) - An agreement should soon be reached on the Exempt Company tax regime in Gibraltar, it was announced on Friday by the spokesperson for the European Competition Commissioner. In a recommendation, the Commission suggests that the tax advantages of the last off-shore tax regime in Gibraltar should be phased out by 2010 by the latest. Under the regime, an Exempt Company pays no income tax on its profits but instead pays only a low, fixed annual tax of...