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Fiat: Luxembourg did not grant illegal State aid

In October 2015, the European Commission found that a tax ruling granted by Luxembourg to Fiat Chrysler Finance Europe (“FFT”) in 2012 (“Ruling“), validating certain transfer pricing methodologies to assess the annual taxable profit of FFT, constituted State aid and ordered Luxembourg to recover from FFT the unlawful and incompatible aid. In 2019, the General […]

Contributed by Elvinger Hoss Prussen

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