24Recitals 2 to 4 in the preamble to Directive 2003/49 state that the aim of the directive is that double taxation should be eliminated with respect to interest and royalty payments between associated companies of different Member States, and that such payments should be subject to tax once in a single Member State. According to those recitals, the abolition of all taxation of those payments in the Member State where they arise is the most appropriate means of ensuring equality of tax treatment as between national and cross-border transactions.
Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.