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EU Tax Deals Unlikely This Year, Says Upcoming Greek Presidency

by Ulrika Lomas, Tax-News.com, Brussels

09 December 2002


The Greek Ambassador to the European Union, Aristide Agathocles suggested last week that it is unlikely that the ongoing EU disputes over energy taxation and the Savings Tax Directive will be resolved by the end of the year, meaning that Greece will need to take over responsibility when it assumes its position as head of the EU Presidency in January.

Speaking following the failure of EU Finance Ministers to reach an agreement on the taxation of non-resident savings interest last week, Mr Agathocles remarked:

'It is most probable that we will not be able to finalise the negotiations in 2002, which means that the Greek presidency will have to take over the dossier.'

According to a report from the AFX News agency, the energy taxation dabate is stalled on the issue of fuel for road hauliers, with Germany refusing the extension of preferential terms for French, Italian, and Dutch truckers.


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