37Therefore, the Court has held that the first indent of Article 4(1) of Directive 90/435 prohibits Member States from taxing the parent company in respect of the profits distributed by its subsidiary, without drawing a distinction based on whether the chargeable event of the taxation of the parent company is the receipt of those profits or their redistribution (see, to that effect, judgment of 17 May 2017, X, C‑68/15, EU:C:2017:379, paragraph 79) and that that prohibition also applies to national legislation which, although it does not tax the dividends received by the parent company in themselves, may have the effect that the parent company is subject indirectly to taxation on those dividends (see, to that effect, judgment of 12 February 2009, Cobelfret, C‑138/07, EU:C:2009:82, paragraph 40).
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