M&S tax case may force EU overhaul

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Series Details 31.1.05
Publication Date 31/01/2005
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Preview of a court case beginning on 1 February 2005 in the European Court of Justice. Retailer Marks & Spencer claims the UK Government has contravened European Union law by not allowing tax losses from its overseas subsidiaries to be offset against its UK profits. If Marks & Spencer wins the case, most European countries would be required to overhaul their tax laws.

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