Gülpen & Garay Avocats

Commission requests phasing out of Spain’s tax incentives for investment abroad

The European Commission has formally requested Spain under EC-Treaty state aid rules to abolish tax incentives in favour of Spanish companies investing abroad. The Commission requests that the incentives are gradually eliminated by the end of 2010, as they are distorting competition and trade within the Single Market. Spain has one month to accept this request, failing which the Commission may open a formal state aid investigation.

< zurück