login
login
Image header Agence Europe
Europe Daily Bulletin No. 12762
Contents Publication in full By article 24 / 28
COURT OF JUSTICE OF THE EU / State aid

EU General Court rejects appeals of Nike and Converse against formal examination of their tax rulings in Netherlands

The General Court of the European Union has dismissed the appeal by Nike and Converse to overturn the European Commission’s decision of January 2019 to open a formal investigation into the tax rulings that they benefited from in the Netherlands between 2006 and 2015 (see EUROPE B12169A16), in a judgment handed down on Wednesday 14 July (Case T-648/19).

From a fiscal perspective, these tax rulings validate a transfer pricing transaction, in particular the level of royalties owed by Nike...

Contents

CLIMATE - 'FIT FOR 55' LEGISLATIVE PACKAGE
CLIMATE: European Commission presents its ‘Fit for 55’ legislative package, with a major reform of ETS at its heart
CLIMATE: effort sharing for non-ETS sectors, European Commission revises upwards national emission reduction targets for 2030
CLIMATE: European Commission proposes to ban CO2 emissions from cars and vans by 2035
CLIMATE: European Commission proposes measures to encourage Member States to increase their natural carbon sinks
TRADE: European Commission unveils its plan for EU Carbon Border Adjustment Mechanism from 2026
SOCIAL: Social Climate Fund, Commission proposes a financing method that could raise €72.2 billion
TRANSPORT: European Commission unveils plan to gradually make air and maritime transport cleaner
ENERGY: EU should aim for 40% renewable energy and a 36% improvement in energy efficiency by 2030, according to European Commission
TAXATION: European Commission proposes updating Energy Tax Directive
SECTORAL POLICIES
CLIMATE: MEPs welcome ambition of Climate Package, but are concerned about implementation of targets and their social cost
FISHERIES: EU Member States agree on new tariff quotas for fishery products
AGRICULTURE: EU Council to adopt conclusions on ‘Organic Farming Action Plan’ on 19 July
JUSTICE: Anna Carla Almeida’s request to annul appointment of Portuguese prosecutor to European Public Prosecutor’s Office rejected
REGIONS: MEPs call for creation of a new Atlantic macro-region
EU RESPONSE TO COVID-19
HOME AFFAIRS: Member States add Ukraine to list of third countries whose residents can travel within EU again
STATE AID: Covid-19, green light for €2.5 billion Italian scheme to support self-employed and healthcare professionals
ECONOMY - FINANCE - BUSINESS
ECB: digital euro could be available by 2026
TAXATION: MEPs call for rewrite of Code of Conduct on business taxation
INSTITUTIONAL
BUDGET: EU Member States endorse EU Council’s initial position on 2022 draft budget plan
EXTERNAL ACTION
FOREIGN AFFAIRS: Slovenian Presidency of EU Council wants to strengthen transatlantic partnership
GEORGIA: EU regrets appointment of Supreme Court judges, despite international concerns
SECURITY - DEFENCE
SECURITY/DEFENCE: Mr Arbault details European Defence Fund agenda for 2021
COURT OF JUSTICE OF THE EU
POLAND: Court orders Warsaw to suspend application of ‘muzzle law’ on disciplinary regime of judges
STATE AID: EU General Court rejects appeals of Nike and Converse against formal examination of their tax rulings in Netherlands
STATE AID: General Court of European Union dismisses action brought by Ryanair and Laudamotion against emergency aid granted to Austrian Airlines
NEWS BRIEFS
COHESION: green light at European Parliament committee level for interinstitutional agreement on Brexit adjustment reserve
SPACE: ESA gives green light to create new reusable stage in space for future Ariane 6 launcher
RUSSIA: EU denounces conviction of human rights defender Semyon Simonov