Luxembourg, 11/04/2007 (Agence Europe) - The Court of Justice, in a judgment delivered on 29 March, held that the German tax system is not in compatibility with Community law, in that it does not allow companies to write off against tax any losses made by subsidiaries established in another member state. Since losses incurred by subsidiaries based in Germany are deductible, this situation discourages German companies from setting up subsidiaries in other EU countries, and this is a...