The Consequences of Unlawful State Aid
The European Commission is hunting down unlawful state aid in the tax field. George Peretz QC explores the consequences for taxpayers.
The European Commission’s recent announcements of state aid investigations into tax rulings by a number of member states (including Ireland’s treatment of Apple and Luxembourg’s treatment of Fiat) should have reminded tax lawyers that the EU’s state aid rules have important tax implications.
This article explores the consequences of the application of the state aid rules. But, for the benefit of those who would appreciate a reminder of the basic principles, it may be useful to recap briefly on when the state aid rules apply in the tax field.
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This article was first published in the Tax Journal.