15.11.2012 5% dividend expense disallowance restricts freedom of establ ... The Supreme Tax Court has held that the 5% expense disallowance on tax-free dividends was, up to 2002, a restriction on the freedom of establishment rather than of capital movement and could thus be upheld in respect of a 33% share in a US company. Categories: Supreme Tax Court casesKeywords: freedom of establishment, expense disall ...