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Europe Daily Bulletin No. 11485

9 February 2016
Contents Publication in full By article 19 / 27
ECONOMY - FINANCE - BUSINESS / (ae) state aid
Excess profit rulings, Belgium to appeal

Brussels, 08/02/2016 (Agence Europe) - The Belgian Finance Minister, Johan Van Overtveldt, announced on Friday 5 February that Belgium was to appeal against the decision of the European Commission to the effect that the Belgian excess profit rulings scheme constitutes illegal state aid (see EUROPE 11465).

On 12 January of this year (see EUROPE 11465), the Commission ordered Belgium to recover around €700 million from 36 businesses which benefited from the system, through 66 tax rulings....

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