Brussels, 18/07/2013 (Agence Europe) - On 17 July, the European Commission opened an in-depth investigation to verify whether the new interpretation of a Spanish scheme allowing tax deductions in connection with the acquisition of shareholdings in non-Spanish companies is in line with EU state aid rules.
In 2009 and 2011, the Commission rejected earlier versions of the scheme because it allowed companies to write off over 20 years the “financial goodwill” deriving from acquisitions of...