Opinion of Mr Advocate General Darmon delivered on 12 December 1989

1 Original language: French.

2 Directive concerning indirect taxes on the raising of capital (OJ, English Special Edition 1969 (II), p. 412).

3 According to the order of the Finanzgencht the financial year runs from 1 December to 30 November of the following year

4 Provision is made in Article 4(2){a) of the directive for the taxation of increases in the capital of a company

5 Judgment of 15 July 1982 in Case 270/81 Felicitas v Finanzamt fur Verkehrsteuern [1982] ECR 2771, see also the judgment of 25 May 1989 in Case 15/88 SpA Maxi Di 0 v Oficio del Registro di Bolzano [1989] F.CR 1391.

6 Operative part of the judgment of 2 February 1988 in Case 36/86 Ministeriet for Skatter og Afgifter v Dansk Sparinvest [1988] ECR 409.

7 Opinion delivered on 15 February 1989, paragraph 7.

8 Case 270/81, cited above, paragraph 16; see also Case 36/86, cited above, paragraph 14.

9 Paragraph 5.3 on p. 7 of the French text.