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...

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