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EU companies get tax breaks for stock sales in bill linked to ‘capital markets union’ (update*)

( October 25, 2016, 14:53 GMT | Official Statement) -- MLex Summary: EU companies could get tax writeoffs when they raise equity capital, equivalent to the benefits of deducting interest expense, in a European Commission proposal to address the “debt bias” in taxation. The initiative comes in legislation to set a common method for corporations to calculate their taxable income across the EU. Removing the incentive for debt aims to help businesses sell stock to investors, as promised in the “capital markets union.”The following is the text of the statement. Click the attachments at bottom for a questions-and-answers memorandum, factsheet, and the text of two legislative proposals, plus annexes.* Click here for an external link to further information....

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