Brussels, 13/03/2008 (Agence Europe) - On Wednesday 12 March, the European Commission decided not to raise any objections to the French tax-relief scheme in respect of the solidarity tax on wealth (ISF) for those who invest in small and medium-sized companies (SMEs). ISF relief will be conditional upon investments being made in SMEs.
The ISF reduction scheme proposes relief on ISF up to a maximum of €50,000 per year for any investment made directly or indirectly in a SME. The reduction in...