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Europe Daily Bulletin No. 8923

8 April 2005
Contents Publication in full By article 37 / 42
GENERAL NEWS / (eu) eu/court of justice
Advocate General Poiares Maduro's conclusions in Marks & Spencer affair concerning group tax relief scheme

Luxembourg, 07/04/2005 (Agence Europe) - In the “Marks & Spencer” affair, Advocate General Poiares Maduro suggests the European Court of Justice should state that a group tax relief scheme (British) which does not allow the parent company to deduct the losses of its subsidiaries abroad is in principle incompatible with Community law. Such a scheme would be compatible, however, if the right to deduct such losses is subject to fulfilment of the condition that those losses cannot be...

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