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Image header Agence Europe
Europe Daily Bulletin No. 9320
Contents Publication in full By article 17 / 29
GENERAL NEWS / (eu) eu/taxation

Commission recommends abolition of capital duty on capital contributions by 2010

Brussels, 04/12/2006 (Agence Europe) - On Monday, the European Commission suggested that capital duty be phased out by 2010. Capital duty is an indirect tax levied on contributions of capital for capital companies and restructuring operations involving capital companies. Since 1985, the tendency has been to abolish it within the EU. The Commission believes it has “detrimental economic effects” and that it is “an obstacle to economic growth”. “I consider capital duty as an obstacle...

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