Consequences Of EU's Belgium Tax Scheme Decision

Law360, New York (January 21, 2016, 9:38 PM EST) -- Salomé Cisnal de Ugarte

David B. Blair On Jan. 11, 2016, the European Commission declared that Belgium's "excess profits" tax regime and rulings issued thereunder are illegal state aid that violates the European Union's competition laws — in particular Article 107 of the Treaty on the Functioning of the European Union (TFEU).[1] As a result of this decision, Belgium is now required to recover approximately €700 million in foregone taxes from over 35 multinationals. The Belgian government is however considering appealing this decision and multinationals benefiting from the scheme might consider doing it too.

Background

Since 2013, the commission has been...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!