European Commission Extends State Aid Investigation into Gibraltar Tax Ruling Procedure
On 7 October 2016, the European Commission published an invitation to comment on the decision to extend its State aid investigation into the tax rulings procedure under Gibraltar's corporate tax regime, which was designed in 2010 and entered into force in 2011. The regime subjects resident companies to corporate tax at the rate of 10% on the basis of the territoriality principle, and provides a…
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