Brussels, 27/04/2006 (Agence Europe) - The Commission has decided that the Belgian tax on collective investment undertakings (CIUs), about which investment funds in Luxembourg had lodged a complaint, does not constitute state aid. Unlike the complainants, which viewed the tax as an export aid, the Commission took the view that the non-taxation of Belgian CIUs as regards units marketed by them abroad stemmed from the internal rationale of the new tax regime in force since January 2004. Under...