martes, 20 de septiembre de 2016

European Commission opens formal State aid investigation into Luxembourg’s tax treatment of GDF Suez (now Engie) PI

On September 19, 2016 the European Commission (EC) announced, in a press release, a formal State aid investigation into tax rulings granted by the Luxembourg tax authorities to GDF Suez group (now Engie). The EC will investigate the treatment of certain financing transactions between four Luxembourg group subsidiaries. The press release describes the reasons why the EC believes that the tax treatment applied to those transactions could represent State aid.

This decision (not yet published) represents only the EC’s preliminary assessment in this matter and confirms that the investigation does not question the general Luxembourg tax regime.

Source: PwC

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