Luxembourg, 20/12/2007 (Agence Europe) - The European Court of Justice ruled in case C-101/05 that the distribution of shares from a company can be subject to income tax if the parent company is based in a third country (non-member of the EU) where it is difficult to access relevant information. Although this tax constitutes a restriction to free movement of capital, it is, however, justifiable.
A owns share in Swiss company X, which is considering distributing the shares which it holds in...