Luxembourg, 13/12/2005 (Agence Europe) - The European Court of Justice has published its ruling in the landmark Marks & Spencer corporate tax revenue case on group relief. The UK Income and Corporation Taxes Act 1988 (ICTA) does not allow a parent company to deduct the losses incurred by its subsidiaries established abroad from its taxable profits is, in principle, compatible with EU law but the Court points out in a press release that it is contrary to freedom of establishment to preclude...