GIBRALTAR CASE

Keith NuthallGIBRALTAR has beaten off an attempt by the European Commission to brand illegal a tax break that it allows for certain "exempt" companies. The British colony won a case at the European Court of Justice, where it claimed that Brussels had wrongfully claimed that by reducing these companies' tax burden, they were in effect granting them state aid in contravention of EU directives limiting such payments. Judges ruled that that the Commission had "committed an error in classifying the legislation in issue as a new aid scheme," in investigations being ...


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