On Thursday 23 May, the European Commission decided to refer Spain to the Court of Justice of the European Union for failure to correctly implement the taxation rules on company mergers (Directive 2009/133/EC).
This Directive harmonises the taxation rules for mergers, divisions, transfers of assets and exchanges of shares among companies throughout the internal market and EU Member States.
The Commission sent Spain a letter of formal notice in January 2019, followed by a reasoned opinion...