Ruling may ease administration of E.U. pensions.(International)(multinational corporations, international workers)

Business Insurance, October, 2002 by Aldred, Carolyn

Byline: CAROLYN ALDRED STRASBOURG, France-Multinational companies should welcome a European Court of Justice ruling earlier this month that employees should be able to receive local tax advantages on contributions to pension plans based in other European Union countries, consultants say. The ruling should benefit companies with employees of diverse nationalities or that assign workers to other E.U.

countries, though the ruling clarifies just one aspect of a complex legal and regulatory framework for European pensions, they say. The European Court ruling on Oct. 3 concerned the pension contributions of a Finnish physician, Dr. Rolf Dieter Danner, who paid into two voluntary pension plans in Germany. Dr. Danner, who has dual Finnish and German citizenship,...

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