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ECJ

28 May 2007|Approved Changes|Germany

holds German provisions that restrict parent companies to deduct losses from the write-down of shares in foreign subsidiaries incompatible with the EC freedom of establishment – details

As reported previously, on 29 March 2007, the European Court of Justice (ECJ) gave its decision in the case of Rewe Zentralfinanz eG, as universal successor of ITS Reisen GmbH v. Finanzamt Köln-Mitte (C-347/04). Details of the ECJ's decision are summarized below.

(a) Fa…

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