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Taxation Commissioner Algirdas Šemeta met with Malta’s minister Edward Scicluna twice yesterday to convince him the agreement, which EU tax law needed unanimous support to be passed, did not infringe the country’s tax sovereignty (here).
Malta was the last member state to block the Greek Presidency of the EU-brokered compromise to revise parts of the Parent-Subsidiary Directive. It was sealed by national ministers last night in Luxembourg, ahead of theEU finance ministers meeting (ECOFIN), the last before Italy takes on the rotating presidency.
Sweden had earlier told the Greeks they could accept the deal after being reassured it would not prevent foreign investment in a model of investment company used by national champions such as Volvo and Eriksson.
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