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Europe Daily Bulletin No. 9228

8 July 2006
Contents Publication in full By article 31 / 38
GENERAL NEWS / (eu) eu/state aid
Portugal has to repeal fiscal exoneration on capital gains from privatisation and restructuring

Brussels, 07/07/2006 (Agence Europe) - The European Commission has request Portugal abolish Article 25 of the Estatuto dos Benefícios Fiscais, the Portuguese tax relief regulations. Under this regime, capital gains from privatisation and restructuring are tax exempt for public companies and companies controlled by them. After a formal procedure, which opened in October 2004, the Commission found that Article 25 brought a selective tax advantage to certain companies, which could not be...

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