Draft Treaty establishing the European Union

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Part Four THE POLICIES OF THE UNION

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Article 49 Approximation of the laws relating to undertakings and taxation

Article 49 Approximation of the laws relating to undertakings and taxation

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The Union shall take measures designed to approximate the laws, regulations and administrative provisions relating to undertakings, and in particular to companies, in so far as such provisions have a direct effect on a common action of the Union. A law shall lay down a Statute for European Undertakings.

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In so far as necessary for economic integration within the Union, a law shall effect the approximation of the laws relating to taxation.

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