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Luxembourg Announces it will Appeal FIAT State Aid Decision

08 December 2015

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Approved Changes

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Luxembourg-European Union

On 4 December 2015, the Government of Luxembourg announced it will appeal the European Commission decision that Luxembourg granted selective tax advantages to FIAT Finance and Trade in violation of EU State aid rules ({News-2015-10-22/A/2- previous coverage}). --- Luxembourg to appeal the Commission’s Fiat decision The Luxembourg government today has decided to appeal the European Commission’s decision in the Fiat case, in order to seek legal clarity and previsibility on the practice of tax rulings. The vast majority of EU member states use tax rulings to provide legal certainty for the taxpayer. In its decision, the Commission has used unprecedented...