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Iceland Parliament Considering Changes in Group Formation and Interest Deductibility Rules

|Proposed Changes|Iceland
Iceland

Iceland's parliament is considering a draft bill that would amend the tax group and interest deduction restriction rules in response to findings of the EFTA Surveillance Authority that current rules may constitute a restriction on the freedom of establishment and the free movement of capital under the EEA Agreement. The amendments provide that Icelandic subsidiaries with a parent in another EEA…

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