On 6 October 2021, the European Court of Justice (“ECJ” or the “Court”) delivered a number of judgments (Case C-50/19 P Sigma Alimentos Exterior v Commission; Joined Cases C-51/19 P World Duty Free Group v Commission and C-64/19 P Spain v Commission; Case C-52/19 P Banco Santander v Commission; Joined Cases C-53/19 P Banco Santander, Santusa v Commission and C-65/19 P Spain v Commission; Case C-54/19 P Axa Mediterranean v Commission; and Case C-55/19 P Prosegur Compañía de Seguridad v Commission) dismissing the appeals brought against the ruling of the European General Court (“EGC”) that upheld the Commission decision declaring the tax rule on amortization of financial goodwill in Spain as incompatible State aid. The tax measure at issue – which was introduced in 2001 – allowed Spanish
The EU Court of Justice delivers several judgments dismissing appeals brought against a ruling of the General Court that upheld the Commission’s decision declaring the tax rule on amortization of financial goodwill in Spain as incompatible State aid (Deutsche Telekom / Banco Santander / Sigma Alimentos Exterior / Prosegur Compañia de Seguridad / Duty Free Group / Santusa)
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