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Image header Agence Europe
Europe Daily Bulletin No. 9474
Contents Publication in full By article 15 / 33
GENERAL NEWS / (eu) eu/taxation

Infringement proceedings against Germany for its discriminatory rules on foreign family foundations

Brussels, 23/07/2007 (Agence Europe) - On Monday, the Commission sent a reasoned opinion to Germany calling on it to change its system of taxation of non-resident family foundations (“Familienstiftungen”), as it is incompatible with the principles of free movement of capital and free movement of persons as guaranteed by the EC Treaty. If the relevant national legislation is not amended in order to comply with the reasoned opinion, the Commission may decide to refer the matter to the...

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