Nick Skerrett and Gary Barnett (Simmons & Simmons) examine the issues around EC state aid investigations following the announcement of the investigation into Belgium
The European Commission has announced that it has opened an in-depth investigation into the Belgian ‘excess profits’ rulings system.
In essence these rulings allow multinational entities in Belgium to reduce their corporate tax liability by reference to ‘excess profits’ that result from the advantage of being part of a multinational group. However no similar advantage is available to domestic Belgian groups.
At this stage the Commission has doubts as to whether this complies with EU state aid rules and has opened an investigation into the...
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Nick Skerrett and Gary Barnett (Simmons & Simmons) examine the issues around EC state aid investigations following the announcement of the investigation into Belgium
The European Commission has announced that it has opened an in-depth investigation into the Belgian ‘excess profits’ rulings system.
In essence these rulings allow multinational entities in Belgium to reduce their corporate tax liability by reference to ‘excess profits’ that result from the advantage of being part of a multinational group. However no similar advantage is available to domestic Belgian groups.
At this stage the Commission has doubts as to whether this complies with EU state aid rules and has opened an investigation into the...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: