They are as follows: under the responsibility of the Internal Market Council for decisions under Belgian presidency - Community trade mark (4 proposals) - European Company Statute - Legal protection of biotechnological inventions - Food irradiation under the reponsibility of the Work and Social Affairs Council - Modification of the regulation and directive on the free movement of workers (blocked for several years; it is not clear whether Belgian presidency will take up this proposal) under the responsibility of the Ecofin Council - 7th Vat directive on second hand goods (for decision under Belgian presidency) - Tax regime for taking into account of losses(for decision under Belgian presidency) - Special VAT scheme for small businesses Agr ...[+++]iculture Council for decisions underBelgian presidency - Plant breeders rights - Harmful organisms (financial liability) The other non-priority White Paper proposals concern: - 2nd modification to safeguard clause (veterinary sector) - 5th company law directive on limited company liability - 10th company law directive on cross border merger - 13th company law directive (take-over bids) - the proposal is being revised by the Commission and may be discussed agai under Belgian presidency - Tax regime for carry-over of losses The Parliament has given its first reading or opinion on all the remaining White Paper proposals, except on the 10th company law proposal which is blocked pending an agreement on the European Company Statute.

Whereas the comparability of figures in the balance sheet and profit and loss account also depends basically on the values at which assets and liabilities are shown in the balance sheet; whereas for a proper understanding of the financial situation of an insurance undertaking the current value of investments as well as their value based upon the principle of purchase price or production cost must be disclosed; whereas, however, the compulsory disclosure of the current value of investments, at least in the notes on the accounts, is prescribed solely for purposes of comparability and transparency and is not intended to lead to changes in ...[+++] the tax treatment of insurance undertakings;