EGC upholds tax aid to Spanish companies for purchases abroad originally struck down by Brussels
The General Court of the European Union has ruled that the tax incentives approved by the government of José María Aznar in 2001 for companies to deduct indirect purchases of shares abroad are legal. This incentive was approved with the aim of allowing national companies to grow abroad. The Executive then allowed companies, including large firms such as Banco Santander, Axa and Prosegur, to deduct the goodwill generated by the…
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