On 2 April 2019, the European Commission announced its decision 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. --- State aid: Commission concludes part of UK tax scheme gave illegal tax advantages to certain multinational companies; remaining part does not constitute aid The European Commission has found that a UK tax scheme is partly justified and does not constitute State aid. However, the Commission found that the scheme unduly exempted certain multinational groups from these UK rules targeting tax avoidance, in breach...