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E.U. Opens Probe Into Dutch Tax Break Scheme

Law360 (February 7, 2007, 12:00 AM EST) -- The European Commission has opened a formal in-depth investigation into corporate tax-break legislation proposed in the Netherlands, saying the scheme could violate the bloc’s rules against state aid.

The investigation will focus on a part of the proposed scheme known as "Groepsrentebox," which covers reductions of Dutch tax rates for net interest received on so-called intra-group loans.

Even as the investigation was announced, the E.C. gave the green light to the portion of the tax scheme that would reduce tax rates for interest on short-term deposits,...
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