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Comment: Belgian excess profits probe looks like EU covering itself in case of defeat at top court

By Michael Acton ( September 16, 2019, 15:05 GMT | Comment) -- A fresh EU state-aid probe into 39 multinationals, which the European Commission suspects have benefited from Belgian tax breaks that are illegal under state-aid rules, is designed to give it more room for maneuver in case an appeal at the bloc's top court is unsuccessful. In February, judges at the EU's lower-tier General Court ruled that the commission was wrong when it defined the Belgian tax rules as a general "scheme." Today’s announcement shows the regulator taking precautions to stop the companies, including the likes of AB InBev, Zoetis and BASF, from escaping repayment of the taxes.A fresh EU state-aid probe into 39 multinationals, which the European Commission suspects have benefited from Belgian tax breaks that are illegal under state-aid rules, is designed to give it more room for maneuver in case an appeal at the bloc's top court is unsuccessful....

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