On 8 June 2022, the General Court of the European Union issued its judgment in joint cases T 363/19 and T 456/19, which concern the European Commission's 2 April 2019 decision finding that the group financing exemption allowed under the UK's controlled foreign company (CFC) rules gave an illegal tax advantage to certain multinationals, constituting illegal State aid. In the decision, the Commission found that, although the exemption was partly justified and did not constitute illegal State aid as a whole, it did unduly exempt certain multinational groups from the CFC rules, in breach of EU State aid rules. As...