The General Court of the European Union has annulled a European Commission decision of October 2014 that declared the Spanish tax scheme on the deduction for indirect acquisitions of shareholdings in foreign companies unlawful (see EUROPE B11177A3), in a judgment handed down on Wednesday 27 September (cases T-826/14, T-12/15, T-158/15, T-252/15, T253/15, T-256/15, T-257/15, T-258/15 and T-260/15).
In July 2013, the Commission ruled that a new interpretation of the disputed tax scheme, set...