ALERTS: STATE AID - EUROPEAN UNION - BELGIUM - ANNULMENT - TAXES - INCOMPATIBLE AID

Incompatible aid: The Court of Justice of the European Union annuls the judgment of the General Court of the European Union, holding that the European Commission has sufficiently demonstrated the existence of an aid scheme in relation to the Belgian authorities’ practice of negative adjustment of the profits of undertakings belonging to a multinational group (Magnetrol International)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On 16 September 2021, the Court of Justice of the European Union delivered its judgment in case C-337/19 (European Commission v. Kingdom of Belgium and Magnetrol International). In it, it allowed the appeal brought by the Commission and, consequently, set aside thejudgment delivered on 14 February 2019 in Joined Cases T-131/16 (Belgium v European Commission) and T-263/16 (Magnetrol International v European Commission) by the General Court of the Union on the thirty or so appeals brought against the Commission decision of 11 January 2016 first treating the excess profit exemption system implemented by Belgium as a State aid scheme, and then considering

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Incompatible aid: The Court of Justice of the European Union annuls the judgment of the General Court of the European Union, holding that the European Commission has sufficiently demonstrated the existence of an aid scheme in relation to the Belgian authorities’ practice of negative adjustment of the profits of undertakings belonging to a multinational group (Magnetrol International), 16 September 2021, Concurrences N° 4-2021, Art. N° 102459, www.concurrences.com

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