The European Commission opens a formal investigation procedure and in the same decision adopts for the first time a suspension injunction on a tax exempt reserve fund scheme in Greece

"Commission’s suspension injunction against illegal tax exempt fund in Greece"* On 20 October 2005, the Commission opened a formal investigation procedure and in the same decision adopted for the first time a suspension injunction on a tax exempt reserve fund scheme in Greece. Description and assessment Article 2 of the Greek Law 3220/2004 allows companies to place up to 35% of their profits from year 2004 and up to 50% from 2003 to special

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The European Commission opens a formal investigation procedure and in the same decision adopts for the first time a suspension injunction on a tax exempt reserve fund scheme in Greece, 20 October 2005, e-Competitions October 2005, Art. N° 36601

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