The European Commission orders Spain to abolish a provision in its corporate tax law allowing Spanish companies to amortise ‘financial goodwill' deriving from acquisitions of shareholdings in companies in third countries

Forzano, Alessandra; Lofquist, Erika

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3 Mar 2011

The European Commission orders Spain to abolish a provision in its corporate tax law allowing Spanish companies to amortise ‘financial goodwill’ deriving from acquisitions of shareholdings in companies in third countries

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Reference

European Commission, 3 March 2011, Case SA.22309, Amortization of financial goodwill for acquisitions of foreign targets

State aid: main developments between 1 January and 30 April 2011* On 3 March, the Commission requested Spain to abolish a 2002 provision in its corporate tax law that allows Spanish companies to amortise ‘financial goodwill’ deriving from acquisitions of shareholdings in companies in third countries. Amortising goodwill is generally allowed in

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Authors

Alessandra Forzano
European Commission - DG COMP (Brussels)

Belgium 59 contributions 7002 visits
Erika Lofquist
Permanent Representation of Sweden to the EU (Brussels)

24 contributions 2885 visits

Quotation

Alessandra Forzano, Erika Lofquist, The European Commission orders Spain to abolish a provision in its corporate tax law allowing Spanish companies to amortise ‘financial goodwill’ deriving from acquisitions of shareholdings in companies in third countries, 3 March 2011, e-Competitions March 2011, Art. N° 48047

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