Welcome
Daily Tax Report: International

EU Wins in Key Spanish Government Aid Case (1)

July 25, 2018, 11:42 AMUpdated: July 25, 2018, 4:30 PM

The European Commission won an important court battle over how to interpret illegal government aid in a July 25 ruling involving a Spanish leasing system meant to boost the nation’s shipbuilding industry.

The European Court of Justice overturned (C-128/16P) a lower court’s 2015 ruling that had backed the Spanish system, saying the lower court “committed an error of law.”

The much-anticipated case could have an important bearing on other high-profile government-aid cases involving companies such as Apple Inc., Starbucks Corp., and Amazon.com Inc.

The leasing scheme allowed maritime shipping companies...

To read the full article log in. To learn more about a subscription click here.