Incompatible aid: The General Court of the European Union considers that the exemptions granted to certain multinationals derogated from the UK rules applicable to controlled foreign companies because they introduced differential treatment with taxable companies in a comparable situation in the light of the objective of those rules (ITV)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On June 8, 2022, the General Court of the European Union issued a judgment in joined cases T-363/19 and T-456/19 (United Kingdom and ITV plc v. European Commission). In it, he dismissed in its entirety the action brought by the United Kingdom and by ITV plc against the Commission decision of 2 April 2019 declaring the aid scheme implemented by the United Kingdom in favour of certain multinational groups to be incompatible with the internal market and illegal and ordering the recovery of the aid paid. The exemption on group financing provided for a derogation from the general rules on CFCs (controlled foreign companies). It partially (75%) or fully

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Incompatible aid: The General Court of the European Union considers that the exemptions granted to certain multinationals derogated from the UK rules applicable to controlled foreign companies because they introduced differential treatment with taxable companies in a comparable situation in the light of the objective of those rules (ITV), 8 June 2022, Concurrences N° 2-2022, Art. N° 107067, www.concurrences.com

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