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3 December 1998
Edmond Israel Foundation Publishes Study on the Harmonisation of Taxation in Europe
The Edmond Israel Foundation today published its study 'the proposed directive on the harmonisation of taxation of interest: the intra-European and global financial challenges.' The study, undertaken by Promethée, an independent non-profit thinktank based in Paris, examines the key issues and challenges and puts forward outline proposals for action. These include the need to establish a high level group to reflect upon and make proposals on tax harmonisation and the urgent need to engage key market participants in examining the future shape of the 'eurosecurities' markets.
André Lussi, Chairman of the Edmond Israel Foundation, commented: 'The discussion on the harmonisation of taxation in Europe is lively and often controversial. The Edmond Israel Foundation commissioned this study earlier this year to contribute to the debate and to put forward tangible steps that would help to remove some of the mystique surrounding the history and the politics of taxation. I believe that this study is timely and provides an objective assessment of this challenging issue.'
For further information, please contact:
David Cowan or Yolande Theis
Cedel International, Luxembourg
Tel: +352 45 11 03 20
Fax: +352 45 11 08 226
Email: yolande.theis@cedelinternational.com
David Hardy or Paul Vann
Binns & Co Public Relations Limited, London
Tel: +44 171 786 9600
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Note to Editors
The Edmond Israel Foundation was created by Cedel International on 19 September 1990 in honour of Edmond Israel, upon his retirement after twenty years as Chairman of Cedel International’s Board of Directors.
The Foundation is a non-profit making organisation that aims to support and promote research and study on the securities industry and by way of providing financial assistance and scholarship to promising individuals. Apart from commissioning studies such as the one described in this press release, The Foundation presents the 'Vision for Europe' award annually in recognition of outstanding achievement and contribution to Europe. This year’s recipient was HE Mr Jean-Claude Juncker, Prime Minister of Luxembourg. The previous recipients were HE Mr Helmut Kohl, the former Chancellor of the Federal Republic of Germany, HE Mr Jean-Luc Dehaene, the Prime Minister of the Kingdom of Belgium and HE Mr Jacques Santer, President of the European Commission, the first recipient of the award.