OrbitaxEuropean Commission Finds Group Financing Exemption under UK CFC Rules Constituted Illegal State Aid for Certain Multinationals
|Approved Changes|United Kingdom-European Union
On 2 April 2019, the European Commission announced its decision that the group financing exemption allowed under the UK's controlled foreign company (CFC) Rules gave an illegal tax advantage to certain multinationals, constituting illegal State aid.
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State aid: Commission concludes part of UK tax scheme gave illegal tax advantages to certain multinational companies; remaining part does no…
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