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EU General Court annuls Commission's decision on Luxembourg transfer pricing State aid case

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United States, Luxembourg, European Union

On 12 May 2021, in Luxembourg v. Commission, the General Court of the European Union (Court) found that the European Commission (Commission) erred in concluding that a Luxembourg company of a multinational group (MNC) had received illegal State aid and therefore had to pay €250 million plus interest to Luxembourg (consisting of the tax benefit that the taxpayer received between 2006 and 2014, when…

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