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ALERTS: STATE AID - EUROPEAN UNION - SPAIN - TAXES - SELECTIVE ADVANTAGE - RECOVERY OF AID

Recovery: The General Court of the European Union concludes, in the case of the Spanish tax leasing scheme, that there is a selective advantage resulting from the discretionary power of the tax authorities to grant the aid and confirms the obligation of recovery from the identified beneficiaries (Lico Leasing, Pequeños y Medianos Astilleros Sociedad de Reconversión)

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*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On 23 September 2020, the General Court of the European Union once again ruled https://lactu-concurrence.us14.list... in the case of the Spanish tax leasing scheme. The contested measures concern the Spanish tax leasing scheme (RELF), which is designed to enable shipping companies to acquire ships built by Spanish shipyards at discounted prices of between 20% and 30%. RELF is a tax package, usually developed by a bank to generate tax benefits for investors grouped in a fiscally transparent EIG and to transfer part of these tax benefits to the shipping company in the form of a discount on the price of the ship, with the EIG investors retaining the other

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Recovery: The General Court of the European Union concludes, in the case of the Spanish tax leasing scheme, that there is a selective advantage resulting from the discretionary power of the tax authorities to grant the aid and confirms the obligation of recovery from the identified beneficiaries (Lico Leasing, Pequeños y Medianos Astilleros Sociedad de Reconversión), 23 September 2020, Concurrences N° 4-2020, Art. N° 96908, www.concurrences.com

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