On Thursday 14 February, the Court of First Instance of the European Union annulled the European Commission's decision from January 2016 considering as illegal State aid the Belgian tax regime linked to the surplus profits enjoyed by 55 multinational companies between 2005 and 2015 (joint cases T-131/16 and T-263/16 - see EUROPE 11465).
In 2016, Belgium and Magnetrol International challenged the Commission's decision before the Court of First Instance. They also criticised the...