Tax & Legal

Categories: All (18 found)

1. 30.09.2024

   ECJ on the UK Controlled Foreign Company (CFC) rules

   The case before the European Court of Justice (ECJ) concerned an annulment application in respect of a decision by the European Commission that certain parts of the UK’s controlled foreign company (CFC) regime constituted state aid. The case was an appeal against the General Court’s earlier decision to uphold the Commission’s state aid determination.

   Categories: European Court of Justice

   Keywords: state aid, CFC taxation
2. 05.12.2023

   ECJ annuls Commission’s State aid decision on Luxembourg tax ...

   In its judgment of today in two joint cases the European Court of Justice held that the European Commission’s review of the tax rulings granted by Luxembourg to the Engie group infringed EU law. Hence, the ECJ sets aside the judgment of the General Court and annuls the decision of the EU Commission.

   Categories: European Court of Justice

   Keywords: tax rulings, state aid
3. 12.10.2023

   Update: General Court: Belgian tax rulings for multinational ...

   The tax exemptions by way of tax rulings from Belgium to companies forming part of multinational groups constitute an unlawful aid scheme. The General Court of the EU thus confirms the decision of the European Commission which found, in 2016, that the Belgian tax scheme was an infringement of the EU rules on State aid.

   Categories: From Europe

   Keywords: tax rulings, state aid
4. 27.07.2023

   State aid: Commission approves German support for on-shore L ...

   The European Commission has approved, under EU State aid rules, a €40 million German support measure for the construction and operation of a new land-based liquefied natural gas (‘LNG') terminal in Brunsbüttel. The measure will contribute to the security and diversification of energy supplies in Germany and help end dependence on Russian fossil fuels in line with the REPowerEU Plan.

   Categories: From Europe

   Keywords: state aid, LNG terminal
5. 12.05.2023

   Luxembourg Tax rulings: Advocate General sees error in Commi ...

   In her Opinion the Advocate General considers that the European Commission erred in finding that Luxembourg had granted unlawful State aid to the Engie group in the form of tax advantages (tax rulings). The AG proposes that the ECJ should uphold the appeals and, consequently, set aside the judgment of the General Court and annul the decision of the EU Commission.

   Categories: European Court of Justice

   Keywords: tax rulings, state aid
6. 10.05.2023

   General Court annuls EU-Commission’s approval of aid measure ...

   In today’s judgment the European General Court annuls the decision of the European Commission to approve the recapitalization of Lufthansa by Germany, amounting to €6 billion euros, in the context of the COVID-19 pandemic.

   Categories: From Europe

   Keywords: state aid
7. 26.01.2023

   Ryanair - State Aid

   Ryanair was unsuccessful in its action against state aid from Sweden before the European General Court as the court of first instance. Within a short period of time, the airline had brought actions against 16 different state aid measures, including the Swedish case involving the state support for the local airline SAS and which is currently pending before the European Court of Justice (ECJ). In his Opinion Advocate General Pitruzzella suggests that the ECJ rejects the appeal in its entirety.

   Categories: From Europe

   Keywords: Coronavirus (COVID-19), state aid
8. 14.11.2022

   State aid: Commission approves German measure to support ene ...

   The European Commission has approved a €225.6 million German aid measure to support SEFE Securing Energy for Europe GmbH (‘SEFE GmbH'), previously Gazprom Germania GmbH, currently placed under the trusteeship of Germany. The measure will allow the German State to take the 100% ownership of SEFE GmbH replacing Gazprom Export LCC, to safeguard the security of gas supply to the German economy.

   Categories: From Europe

   Keywords: Energy, state aid
9. 19.10.2022

   Commission adopts revised State aid Framework for research, ...

   The European Commission adopted a revised Communication on State aid rules for research, development, and innovation (‘2022 RDI Framework'), which sets out the rules under which Member States can grant State aid to companies for RDI activities, while ensuring a level playing field. The 2022 RDI Framework, which contributes to the EU's strategic objectives relating to the green and digital transitions, has entered into force today.

   Categories: From Europe

   Keywords: state aid, Research & Development (R & D ...
10. 03.10.2022

    EU-Commission approves German measure to support BASF in the ...

    The European Commission has approved, under EU State aid rules, a €134 million German measure to support BASF SE (‘BASF') in the production of renewable hydrogen, with the aims of decarbonizing its chemical production processes and of promoting hydrogen use in the transport sector.

    Categories: From Europe

    Keywords: state aid, renewable energy
11. 16.06.2022

    EU General Court: UK CFC rules in force until 2018 are State ...

    In a recent judgment the General Court of the EU dismissed the applications of two joint cases seeking annulment of the European Commission’s State aid decision on the UK Controlled Foreign Company (CFC) rules in force until 31 December 2018.

    Categories: From Europe

    Keywords: CFC provisions, state aid
12. 19.05.2022

    EU General Court confirms German state aid for the rescue of ...

    The General Court of the European Union confirmed in its judgment of 18 May 2022 that the German aid for the rescue of Condor is compatible with EU law. The fact that Condor’s financial difficulties were caused by the Thomas Cook group being placed into liquidation did not preclude the approval of that aid by the Commission.

    Categories: From Europe

    Keywords: state aid
13. 13.10.2021

    ECJ: Decision on Spanish Goodwill Amortization

    In several cases the European Court of Justice (ECJ) dismissed the appeals brought against the judgments of the General Court clarifying to some extent its complex case-law on the selectivity of tax measures, particularly in the case of measures of general application that constitute an aid scheme. The ECJ confirmed that a measure can still be selective even if the transaction benefitting from the measure is open to all undertakings.

    Categories: From Europe

    Keywords: state aid, Goodwill amortization
14. 12.02.2020

    Supreme Tax Court discontinues proceedings with regard to th ...

    The Supreme Tax Court had asked (decision of 13.03.2019 – I R 18/19) the European Court of Justice (ECJ) whether Article 107(1) Treaty on the Functioning of the European Union (TFEU) was to be interpreted as meaning that State Aid existed where, under the rules of a Member State, (permanent) losses - incurred by a company from an economic activity maintained without receiving sufficient remuneration to cover its costs - are in principle to be regarded as hidden dividend distributions and accordingly may not reduce the profit of the company, but, in the case of companies in which the majority of voting rights are held directly or indirectly by legal persons governed by public law, those legal consequences are not to be applied to permanent losses arising if such “public” corporations carry ...

    Categories: Supreme Tax Court cases

    Keywords: state aid, public service companies, per ...
15. 20.06.2017

    Supreme Tax Court to refer question to European Court of Jus ...

    On 30 May 2017 the Supreme Tax Court decided to refer to the European Court of Justice (ECJ) the question of whether the real estate transfer tax (RETT) exemption on conversions - in Section 6a Real Estate Transfer Tax Act - constitutes illegal state aid.

    Categories: Supreme Tax Court cases

    Keywords: real estate transfer tax, state aid, Eur ...
16. 05.07.2016

    Commission clarifies scope of EU State aid rules to facilita ...

    The EU Commission has published guidance when or whether public spending falls within, and outside, the scope of EU State aid control. This guidance will help public authorities and companies to identify when public support measures can be granted without needing approval under EU State aid rules.

    Categories: From Europe

    Keywords: state aid, public investment
17. 15.10.2013

    Tax & Legal News – Issue 4, October 2013

    In this issue: PwC Reports, Official Pronouncments, Supreme Tax Court Cases, From Europe and From PwC.

    Categories: Tax & Legal News

    Keywords: state aid, subject to tax, employee opti ...
18. 24.07.2013

    Exemption from loss cancellation on change of shareholders m ...

    The ECJ has held that a Finnish exemption from a loss forfeiture provision on the change of shareholders would be state aid if the authorities may apply it with discretion and would require Commission approval if the details of the scheme have substantially changed since Finland’s accession in 1995.

    Categories: From Europe

    Keywords: loss cancellation, loss forfeiture, chan ...