The EU Commission demands that Luxembourg recovers around €120 million corresponding to illegal tax benefits granted to an energy provider (Engie)

State aid: Commission finds Luxembourg gave illegal tax benefits to Engie; has to recover around €120 million* The European Commission has found that Luxembourg allowed two Engie group companies to avoid paying taxes on almost all their profits for about a decade. This is illegal under EU State aid rules because it gives Engie an undue advantage. Luxembourg must now recover about €120 million in unpaid tax. Commissioner Margrethe Vestager, in charge of competition policy, said "Luxembourg gave illegal tax benefits to Engie. Its tax rulings have endorsed two complex financing structures put in place by Engie that treat the same transaction in an inconsistent way, both as debt and as equity. This artificially reduced the company's tax burden. As a result, Engie paid an effective

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European Commission, The EU Commission demands that Luxembourg recovers around €120 million corresponding to illegal tax benefits granted to an energy provider (Engie), 20 juin 2018, Bulletin e-Competitions June 2018, Art. N° 87267

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