Back to Press ReleasesTAX NEWS: IMPLEMENTATION OF THE EU MERGER DIRECTIVE 2005/19/EC (THE “SECOND MERGER DIRECTIVE”)
The Luxembourg Law dated December 5, 2007 (adopting the bill 5708) (the “Law”) aims primarily at implementing (a) the EU Merger Directive 2005/19/EC (the “Second Merger Directive” revising the EU Directive 90/434/EEC (both referred to as the “Merger Directive”) on the common system of taxation applicable to mergers, divisions, transfers of assets and exchanges of shares concerning companies of different Member States) and (b) the EU Directive 2006/98/EC (adapting certain Directives in the field of taxation, by reason of the accession of Bulgaria and Romania).
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