Euro court tax ruling could lead to windfall

A ruling by the European Court of Justice on 7 September 2004 could result in tens of thousands of taxpayers with shareholdings in EU companies based outside their own country receiving a large tax windfall. The case had been brought to the Court by Petri Manninen, a Finnish taxpayer, who argued that Finland's tax code breaches EU law on the free movement of capital. The Court ruled that tax credit discrimination was a breach of the EU Treaty.

European Court of Justice: Case-law: Search form: Case C-319/02, Judgment http://curia.europa.eu/jurisp/cgi-bin/form.pl?lang=en&Submit=Submit&docrequire=alldocs&numaff=&datefs=&datefe=&nomusuel=manninen&domaine=&mots=&resmax=100

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