BILLIONS OF pounds in taxation revenue is at stake due to a pending decision by the European Court o...
BILLIONS OF pounds in taxation revenue is at stake due to a pending decision by the European Court of Justice on the taxation of multinational companies The Times says. The court is ruling in a case involving a German subsidiary of a Dutch company over the issue of interest payments being taxed as dividend income. The court is expected to rule that taxing interest payments as dividends is illegal in the EU, which could sink a hole in more than one national budget. Such a decision would also remove significant powers of taxation from governments in favour of European har...
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