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Sunday, April 30, 2006

The political creation of uniform markets

In a preliminary ruling, the European Court of Justice has declared "quite patently discriminatory" the French practice of levying higher taxes on dividends paid to non-residents.
Quoted in Vanessa Houlder, "Decision on withholding taxes set to spur reform," Financial Times, U.S. edition, 28 April 2006, 3.

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