EU court says Spanish tax breaks may infringe EU state aid laws

Europe's top court ruled on Wednesday that the European Commission may have been correct in finding tax breaks for Spanish companies on their foreign holdings were illegal.

In a case that may give clues as to how judges will deal with more complex tax cases involving Starbucks (SBUX.O) and Apple (AAPL.O), the European Court of Justice (ECJ) said that the lower General Court had erred in annulling the Commission's decision in 2014.

For full Reuters article, go here.

By Blenkinsop, Philip, posted on Wednesday December 21, 2016

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