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EU Court OKs Spanish Foreign Acquisition Tax Breaks

By Eric Kroh (November 7, 2014, 1:40 PM EST) -- A European Union court on Friday sided with Spanish companies Banco Santander SA, Santusa Holding SL and Autogrill Espagna SA over tax benefits granted to businesses that acquire indirect holdings in foreign competitors, saying the European Commission failed to establish that the tax breaks gave beneficiaries a selective economic advantage....

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