The group Engie (formerly GDF Suez) may have to pay around €300 million back to the Luxembourg tax authorities, judging by the preliminary conclusions published by the European Commission on Thursday 5 January.
Readers may recall that in mid-September, the Commission announced its decision to open an in-depth investigation into Luxembourg tax rulings granted to the group.
The Commission's preliminary view is that Luxembourg selectively departed from its own national tax law and treated the...