Brussels, 07/11/2014 (Agence Europe) - Encouraging shareholdings abroad by means of tax benefits, as the Spanish tax system does, is fully compatible with internal market rules, said the EU General Court (ruling in case T-219/10 and T-399/11) on Friday 7 November. The court thus annulled two European Commission decisions which declared this system to be incompatible with the internal market on the grounds of what it claimed was the system's selective nature.
The Spanish law on corporation...