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Europe Daily Bulletin No. 10008

29 October 2009
Contents Publication in full By article 12 / 39
GENERAL NEWS / (eu) eu/state aid
Spain asked to abolish tax scheme favouring acquisitions of other European companies

Brussels, 28/10/2009 (Agence Europe) - On Wednesday 28 October, the European Commission requested Spain to abolish a Spanish corporate tax provision that allows Spanish companies to amortise goodwill (i.e. to write off over a period of time the excess price paid for the acquisition of a business over the market value of the assets composing it) deriving from acquiring a stake in non-Spanish companies. After an in-depth investigation, opened in October 2007, the Commission concluded that the...

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