EC presses Luxembourg on illegal tax benefits to Engie

Резюме

The Commission has found that Luxembourg allowed two Engie group companies to avoid paying taxes on almost all their profits for about a decade, without any valid justification. As this is illegal under EU state aid rules, Luxembourg must now recover about €120m in unpaid tax. In 2008 and 2010, respectively, Engie implemented two complex intra-group financing structures for two Engie group companies in Luxembourg. The Commission concluded that Luxembourg's tax treatment of these financing structures did not reflect economic reality.

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