On 20 June 2018 the European Commission (“EC”) issued a press release concerning its final decision in the State aid investigation into tax rulings granted by the Luxembourg tax authorities to GDF Suez group (now Engie) (“the Group”) in relation to the treatment of certain financing transactions. The EC considered that the Group received an undue advantage and requested recovery of up to EUR 120 million of tax.
The text of the final decision has not yet been made public by the EC.
We refer to a PwC EUDTG newsletter in this respect, which you can read here.
For more insights and to understand the implications for your organisation, please contact Pieter Deré.