Europe: freedom of establishment and taxation

The Court of Justice of the European Union gave its opinion yesterday in National Grid Indus BV v Inspecteur van de Belastingdienst Rijnmond / kantoor Rotterdam (C‑371/10). A summary of the court's opinion is available here (pdf), from which this headline is taken: "EU law does not in principle preclude the charging of tax on unrealised capital gains relating to the assets of a company when it transfers its place of management to another Member State".