EUROPEAN COMMISSION PUSHES FOR UK GOVERNMENT ACTION IN MARKS & SPENCER TAX CASE
September 1st, 2008
BY KEITH NUTHALL
THE EUROPEAN Commission is threatening further legal action against the British government in a long-running case involving Marks & Spencer trying to reduce its tax bill because of losses incurred in continental Europe. M&S retreated from France, Belgium and Germany in 2001, following losses made by its subsidiaries in these countries, and sought reductions to its main UK tax bill as a result. The British Inspector of Taxes refused and the case was referred to the European Court of Justice (ECJ), which ruled in 2005 that UK law ...
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