Modernization: The European Commission makes recommendations with regard to reforming the tax regime for "exempt" companies in Gibraltar (Tax in Gibraltar)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. – EC Comm, 19 January 2005, Gibraltar Exempt Companies, case E 7/2002 (ex C 53/2001 & NN 52/2000) This decision is part of the European Commission's examination of the different tax regimes applicable to companies registered in Gibraltar. The Commission first requested information on these tax regimes from the UK authorities in February 1999. In July 2001, the Commission decided to open two formal investigation procedures, one on the tax regime for "exempt" companies and the other on the tax regime for "qualified" companies. In April 2002, the Court of First Instance annulled the decision to open the formal investigation procedure into the Exempt