OrbitaxEuropean Commission Finds Luxembourg Granted Illegal State Aid to Gas Company Engie with Rulings on Hybrid Financing Arrangements
|Approved Changes|European Union-Luxembourg
The European Commission has announced its decision that two tax rulings provided by Luxembourg to the Engie group provided undue tax advantages that are illegal under EU State aid rules. The decision concerns rulings granted in relation to two intra-group financing arrangements implemented in 2008 and 2010 for two Engie group companies in Luxembourg, Engie LNG Supply and Engie Treasury Managem…
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