The European Commission decided on 25 July 2019 to send a reasoned opinion to Greece regarding issues with the differing treatment of domestic and foreign losses. --- Taxation: Commission urges GREECE to align its rules regarding the limited deductibility of foreign losses The Commission today decided to send a reasoned opinion to Greece in respect of income tax legislation which limits deductibility of foreign losses, as interpreted by guidelines issued by the Greek tax authorities. While both business profits originating domestically and those originating in another EU/EEA state are subject to taxes in Greece, the treatment of losses incurred abroad...