Brussels, 11/01/2016 (Agence Europe) - On Monday 11 January, the European Commission ordered the recovery of around €700 million' worth of illegal State aid granted to 35 multinational companies by Belgium under its excess profit exoneration scheme. €500 million of the total is to be recovered from European businesses.
For a little under a year, the Commission has been examining 66 tax rulings granted to around 35 multinational companies since 2005. In this case, an entire system is...