News from Europe

December 2004
Management Services;Dec2004, Vol. 48 Issue 12, p18
Academic Journal
This section presents news briefs on issues and events related to management services in Europe as of December 2004. The European Commission has formally approved British Energy's wide-ranging restructuring plan, paving the way for the nuclear group's survival. The Commission is satisfied that the new structure of British Energy will ensure that aid is exclusively used for the decommissioning of nuclear power plants in the future. On the other news, the Commission is arguing with the British government that its principle of tax allowances in favor of pension scheme contributions goes against European law. The Commission argues that it must extend the tax favors to funds that are not necessarily based in and managed from Great Britain. If Great Britain responds to the Commission's demand that the law be changed it would mean that in theory it could mount a study as to whether it would be beneficial to move its company pension fund offshore. Meanwhile, the Commission is also reviewing the present half dozen or more Directives that cover, in whole or in part, laws of copyright. Apparently there are some anomalies and contradictions between the Directives' small print. It should not affect business document and software copyright law much but it will pay to keep an eye on the Commission web site for developments in 2005.


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