A bill on the abolition of the 1929 holding companies regime was submitted to the Luxembourg parliament on 25 October 2006. Details of the Bill are summarized below. Background The Bill implements the decision of the European Commission of 19 July 2006 in which it was held that the 1929 holding companies regime, even after its modification in 2005, constitutes incompatible state aid. Content of the Bill The Bill aims at abolishing the legislation regarding the 1929 holding companies regime, by providing at the same time a transitional regime in conformity with the decision of the European Commission. Under the...