31In the third place, as regards the purpose of Directive 2008/7, it must be observed, as may be seen from recitals 2 to 4 in its preamble, that it aims to harmonise the legislation on indirect taxes on the raising of capital in order to eliminate, as far as possible, factors which may distort conditions of competition or hinder the free movement of capital, and thus to ensure the smooth functioning of the internal market.
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