Author (Corporate) | European Commission: DG Communication |
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Series Title | Press Release |
Series Details | IP/15/4080 (03.02.15) |
Publication Date | 03/02/2015 |
Content Type | News |
On 3 February 2015, the European Commission opened an in-depth investigation into a Belgian tax provision, which allows group companies to substantially reduce their corporation tax liability in Belgium on the basis of so-called 'excess profit' tax rulings. In essence, the rulings allow multinational entities in Belgium to reduce their corporate tax liability by 'excess profits' that allegedly resulted from the advantage of being part of a multinational group. The EC had doubts if the tax provision complied with EU state aid rules, which prohibit the granting to certain companies of selective advantages that distort competition in the Single Market. |
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Source Link | http://europa.eu/rapid/press-release_IP-15-4080_en.htm |
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Subject Categories | Internal Markets, Taxation |
Countries / Regions | Belgium, Europe |
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