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The European Commission found that Luxembourg tax rulings afforded Engie an unfair advantage over other companies, contrary to the EU State aid rules. Luxembourg will have to recover €120 million from the French electric utility company as a result of this selective tax treatment. This is the second time in 12 months that Luxemburg’s tax rulings have been ruled illegal by the Commission.
Also in this newsletter
- Competition Commission of India publishes its order approving the acquisition of Monsanto by Bayer, subject to conditions
- Competition and Markets Authority consults on updated guidance on antitrust investigation procedures
- General Court upholds European Commission’s investigation in České dráhyn case
- US Supreme Court upholds American Express merchant rules
competition-and-regulatory-newsletter-20-jun-03-jul-2018.pdf