State aid: Commission concludes Gibraltar gave around €100 million of illegal tax advantages to multinational companies* The European Commission has found that Gibraltar's corporate tax exemption regime for interest and royalties, as well as five tax rulings, are illegal under EU State aid rules. The beneficiaries now have to return unpaid taxes of around €100 million to Gibraltar. Commissioner Margrethe Vestager, in charge of competition policy, said "Our investigation has found that Gibraltar gave unfair and selective tax benefits to several multinational companies, through a corporate tax exemption scheme and through five tax rulings. This preferential tax treatment is illegal under EU State aid rules and Gibraltar must now recover the unpaid taxes. At the same time, I very much
The EU Commission finds that Gibraltar’s tax rulings favoring multinational companies are illegal under EU State aid rules
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