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8 August 2006 — Publication

FEE Observations on European Court of Justice decided case C – 446/03 v Her Majesty's Inspector of Taxes – June 2006

FEE Observations on European Court of Justice decided case C – 446/03 v Her Majesty's Inspector of Taxes – June 2006

As a result of the judgment made by the European Court of Justice, FEE has stated that company tax systems should now have symmetrical treatment of company profits and losses, with the losses of foreign subsidiaries being taken into account for the calculation of the parent company’s taxable income, unless used in the state of the subsidiary.

FEE Observations on Marks Spencer