Teacher:In this task, you are provided with an article of the legal acts. Your task is to classify it into three categories (Regulation, Decision and Directive) based on its content: 1) Regulation is a binding legislative act that must be applied in its entirety on a set date across all the member states (European Union countries). 2) Decision is binding on those to whom it is addressed (e.g. an European Union country or an individual company) and is directly applicable. 3) Directive is a legislative act that sets out a goal that all must achieve. However, it is up to the individual countries to devise their own laws on how to reach these goals.
Teacher: Now, understand the problem? Solve this instance: Article 1 of Decision 75/329/Euratom is hereby amended as follows: (1) Point 1 shall be replaced by the following:'1. under paragraph 3 of the said Annex, exemption from the Kapitalverkehrsteuer (Gesellschaftsteuer) (capital transaction tax - company tax) for contributions to SBK (payments towards asssets - Stammkapitaleinzahlungen - and supplementary payments) and for capital made available free of charge by the granting of interest-free supplementary payments by members, up to a total of DM 400 million;'(2) The last indent of point 2 shall be replaced by the following:'- exemption from that part of the tax on operating capital which is levied on the pro rata value, of the Kalkar plant and the outside capital contributed by SBK, financed through public subsidies;'. This Decision is addressed to the Member States and to the SBK.
Student:
Decision