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Europe Daily Bulletin No. 12138

16 November 2018
Contents Publication in full By article 27 / 36
COURT OF JUSTICE OF THE EU / State aid
Spanish tax regime for amortisation of 'financial' goodwill is incompatible with EU law, Court confirms
Brussels, 15/11/2018 (Agence Europe)

On Thursday 15 November, the EU Court confirmed two European Commission decisions from 2009 and 2011 (see EUROPE 10008, 10292) according to which the Spanish tax regime for the amortisation of ‘financial’ goodwill constitutes State aid incompatible with the internal market (Cases T-207, 219 and 227/10; T-239, 399, 405 and 406/11). 

Since 2002, Spanish law has allowed resident companies that hold shares (at least 5% for at least one year) in companies established abroad to deduct goodwill...

Contents

BEACONS
BEACONS: Quo vadis, Italia?
BREXIT
UNITED KINGDOM: extraordinary summit on Brexit announced on Sunday 25 November despite political storm across the Channel
UNITED KINGDOM: draft agreement on an orderly Brexit gives concrete form to what British voted for, says May
FISHERIES: EU Fisheries Alliance welcomes progress on Brexit, but remains vigilant about future arrangements
INSTITUTIONAL
BUDGET: European Parliament eagerly awaits Council's position on multiannual financial framework for 2021 to 2027
EUROPEAN PARLIAMENT PLENARY
MIGRATION: Unable to support a position on humanitarian visas, European Parliament will be called upon to vote again
TRANSPORT: European Parliament opposes possibility for a railway company to exonerate itself from liability vis-à-vis a customer for 'extraordinary circumstances'
SOCIAL: directive on working conditions, European Parliament votes on mandate of Mr Calvet Chambon
GENDER EQUALITY: European Parliament calls for improved personal care systems
HEALTH: lyme disease could be included in list of notifiable diseases
BANGLADESH: Dhaka must stop repressing political opposition and civil society, urges European Parliament
VIETNAM: European Parliament condemns persistent violations of human rights
EXTERNAL ACTION
SOUTH AFRICA: EU and South Africa revive their strategic partnership and faith in multilateralism
NORTH KOREA: Deva calls on the EU to strengthen its ties with Pyongyang
UN: Belgium may not sign Global Compact for Safe, Orderly and Regular Migration
ECONOMY - FINANCE - BUSINESS
BANKS: Single Resolution Board expectations regarding banking resolution in context of Brexit
INSURANCE: European Court of Auditors notes systemic weaknesses in supervision of insurance sector
COMPETITION: Conditional green light for DS Smith's acquisition of Europac
SECTORAL POLICIES
COHESION: Karl-Heinz Lambertz warns Member States: 'simplification of European policies cannot mean their recentralisation'
TRANSPORT: ‘mobility I' package, still a lot of work to do for the Council, negotiators in European Parliament still in uncertainty
ENERGY: Regarding electricity, negotiators have progressed on local energy communities but are blocking capacity mechanisms
AGRICULTURE: continuation of discussions in Council on post-2020 common agricultural policy
FISHERIES: Council is expected to reach agreement on Monday 19 November on deep-sea quotas
BIODIVERSITY: ahead of CBD COP 14, Karmenu Vella calls for a global awakening
COURT OF JUSTICE OF THE EU
CONSUMERS: Court specifies in which currency fares for passengers on an intra-Community flight must be expressed
EUROZONE: Greek court has jurisdiction to rule on a dispute between Greece and a foreign investor affected by forced restructuring of Greek debt, Court confirms
STATE AID: Spanish tax regime for amortisation of 'financial' goodwill is incompatible with EU law, Court confirms
COUNCIL OF EUROPE
RUSSIA: ECHR recognises political dimension of arrests of Navalny, opposition leader of Putin
NEWS BRIEFS
SPACE: European satellite navigation programme Galileo can now access US territory
JHA: agreement in EU Council on reinforced network of 'immigration liaison officers’
INTERNAL MARKET: A mayors' front denounces ‘notification' directive
DIGITAL: copyright, a new text expected at EU Council (Coreper) on 23 November
DIGITAL: Telecom Council programme of 4 December drafted
SOCIAL: second revision of ‘carcinogens’ directive, MEPs support interinstitutional agreement introducing limit values for diesel
TRANSPORT: Central, Eastern and peripheral European carriers denounce Austrian draft compromises on the ‘mobility’ package I
TURKEY: Mr Panzeri denounces murder of Turkish trade union leader Abdullah Karacan