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Europe Daily Bulletin No. 12045

21 June 2018
Contents Publication in full By article 16 / 36
ECONOMY - FINANCE - BUSINESS / State aid
Engie ordered to pay €120 million corresponding to unlawful aid back to Luxembourg
Brussels, 20/06/2018 (Agence Europe)

On Wednesday 20 June, the European Commission found that the Luxembourg State had allowed two companies of the Engie group to avoid paying the tax they owed on virtually all of their profits from 2008 and 2010. It therefore ordered them to pay back the sum of €120 million to Luxembourg.

“This decision is another step to make sure that companies pay their fair share of tax”,  Margrethe Vestager, the Commissioner for Competition, told a press conference. She said the aim is to ensure...

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