EU takes Belgium to court over double taxation on dividends |
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Mon, 22 Jan 2007 13:09
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BRUSSELS (AFX) - The European Commission said it is taking Belgium to the European Court of Justice, Europe's highest court, for failing to end discriminatory double taxation on foreign dividends.In July, the commission requested that Belgium end alleged discriminatory laws on personal tax deductions for residents with foreign source income and the taxation of dividends paid by foreign companies.The commission said that under the Belgian tax system, there is no double taxation for domestic dividends while there is for so-called 'inbound' dividends.After failing to respond to this demand, the EU has referred the matter to the ECJ.simon.zekaria@thomson.comsz/lamCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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EU to take Belgium to court on double taxation - report 