reacts to ECJ Denkavit case

In reaction to the judgment of the European Court of Justice (ECJ) in the Denkavit case (C-170/05), the Icelandic Minister of Finance proposed a bill to the Icelandic parliament to abolish the existing 15% tax liability on dividends paid to non-Icelandic resident companies.

The bill has now been passed into law and the provision…

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