The EU General Court annuls a Commission’s decision finding a Spanish tax illegal (Spanish Tax Lease System)

On 17 December 2015, the General Court (“GC”) handed down its judgment in joined cases T-515/13, Spain v Commission and T-719/13, Lico Leasing SA and Pequeños y Medianos Astilleros Sociedad de Reconversión SA v Commission annulling a 2013 European Commission decision which had found that the ‘Spanish Tax Lease System’ (“STLS”) constitutes illegal state aid. The STLS consisted of five fiscal measures, which stimulated the sale of sea-going ships by Spanish shipbuilding companies, as they resulted in a 20-30% rebate for ship-owning companies who purchased such a vessel. The system was based on a complex structure, in which a bank

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  • Van Bael & Bellis (Brussels)

Quotation

Markus Wellinger, The EU General Court annuls a Commission’s decision finding a Spanish tax illegal (Spanish Tax Lease System), 17 December 2015, e-Competitions Effect on interstate trade, Art. N° 78013

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