Press Release: Direct taxation: The European Commission requests Finland and Denmark to end discriminatory taxation of foreign pension funds

On 25 June, 2009, the European Commission sent Finland and Denmark formal requests to amend their legislation which leads to discriminatory taxation of foreign pension funds. The Commission's requests took the form of a ‘reasoned opinion’ (second step of the infringement procedure of Article 226 of the EC Treaty). If Finland and Denmark do not reply satisfactorily to these reasoned opinions within two months the Commission may refer the matter to the European Court of Justice.