The European Commission announced, on 5 July 2007, that it had decided to refer Greece to the European Court of Justice (ECJ) due to its rules on the taxation of dividends, which, according to the Commission, are discriminatory against dividends paid by companies established in other EU Member States or EEA States (case reference no. 2006/4044). According to Greek law, dividends paid by Greek companies to resident individuals are exempt from income tax while dividends paid by foreign companies (inbound dividends) are taxed. The Commission, referring to the ECJ's decision in the Verkooijen case (Case C-35/98) and to its 2003...