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Europe Daily Bulletin No. 9236

20 July 2006
Contents Publication in full By article 20 / 38
GENERAL NEWS / (eu) eu/state aid
Commission demands repeal of Luxembourg's preferential tax regime for “1929” financial holdings

Brussels, 19/07/2006 (Agence Europe) - The European Commission has decided that the preferential tax regime in favour of Luxembourg's Financial Holdings violates EC state aid rules. The scheme is granted under a Luxembourg law from 1929, predating the EC Treaty, and therefore constituting existing aid. Following an in-depth investigation opened in February and a preliminary four-year review, the Commission has concluded that the scheme grants unjustified tax advantages to providers of...

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