Traduction de «être le premier à exposer ses arguments » (Français → Anglais) :

With regard to Germany’s third argument, that losses of ailing companies are usually not attributed any value by auditors when calculating deferred tax for consolidated financial statements, and therefore the possibility of carrying forward losses has no impact on the sale price of the ailing company, the Commission notes first that this is based on accounting criteria and is therefore irrelevant for tax considerations.

(c) The first part of the second argument (rights of the defence)

whereas some aspects of principles of paramount importance contained in the recommendations remain unclear and must be put properly into practice, such as the concept of performance criteria, which should help in creating the link between pay and performance, the notion of ‘inadequate performance’ in the case of termination payments, the termination payment and variable components of remuneration in the financial services sector,

It follows that the complaint must, in any event, contain a statement of the pleas and arguments relied on against the administrative decision against which the complaint is brought (see, to that effect, judgment of 7 March 1996 in Case T-146/94 Williams v Court of Auditors, paragraph 44).

The first section gives the wider policy background to the Communication; the second focuses on the possible content of the pilot Regional Protection Programmes; the third examines the selection of geographic areas for the application of the pilot Regional Protection Programmes and how this approach can be embedded in Community policy towards the countries and regions concerned; the fourth and fifth sections deal with the specific regions to which the first two pilot Regional Protection Programmes could apply; the last sections address how the pilot Regional Protection Programmes should be evaluated and sustainability assured and the steps to be taken next. ...[+++]

The first section gives the wider policy background to the Communication; the second focuses on the possible content of the pilot Regional Protection Programmes; the third examines the selection of geographic areas for the application of the pilot Regional Protection Programmes and how this approach can be embedded in Community policy towards the countries and regions concerned; the fourth and fifth sections deal with the specific regions to which the first two pilot Regional Protection Programmes could apply; the last sections address how the pilot Regional Protection Programmes should be evaluated and sustainability assured and the steps to be taken next. ...[+++]