ECJ Advocate General Finds Belgium's Stock Exchange Taxes Violate EU Law

Belgium has failed to comply with its obligations under article 11 of Directive 69/335/EC by imposing a stock exchange tax on the remittance of securities to subscribers and a tax on the physical delivery of bearer securities when bearer securities are remitted to the subscribers, a European Court of Justice advocate general has found.

ECJ Advocate General: Belgian Stock Exchange Taxes Violate EU Law, Tax Notes International, 26 January 2004, p. 331
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