European Commission 4 March 1998, Proposal for a Council Directive on a common system of taxation applicable to interest and royalty payments made between associated companies of different Member States

•fMtfrVffcip ft <r ft ft ft ft ft#ft COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 04.03.1998 COM(1998) 67 final 98/0087 (CNS) Proposal for a COUNCIL DIRECTIVE on a common system of taxation applicable to interest and royalty payments made between associated companies of different Member States (presented by the Commission) EXPLANATORY MEMORANDUM I. General 1.