On Thursday 2 February, the Court of Justice of the European Union (CJEU) partially annulled the European Commission’s decision to order the repayment of tax benefits granted to economic interest groupings (EIGs) under the ‘Spanish tax lease system’ (STLS).
The European Commission’s decision followed several complaints about the application of the STLS to certain finance lease agreements. The complainants pointed out that the mechanism allowed shipping companies to benefit from a...