The treatment of losses under the EC Merger Directive 1990

Journal
Bezzina, J.
European Union
European Taxation 2002 (Volume 42), No. 2
FormatPDF
EUR
40
| USD
45
(VAT excl.)

This article clarifies the importance of losses in relation to a cross-border reorganization. It analyses the relevant articles of the Merger Directive and points out its inadequacies and inconsistent application among Member States. The work recommends an amendment to the Directive that would introduce a definition of losses and provide for their consistent regulation.