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EU Court of Justice Holds Pro-rata Limitation of Tax Credit Compatible with EU Law

|Approved Changes|European Union-Italy-France
European Union-Italy-France

On 4 February 2016, the Court of Justice of the European Union issued its order in the case of Baudinet and Others (C-194/15). The order was in reply to prejudicial questions put forth to the Court by the Provincial Tax Commission of Turin, Italy.

The case concerned resident Italian persons who held stock in French corporations and received dividends from those corporations. Pursuant to the Fr…

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