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Companies lose EU court appeal of blocked Madeira Free Zone tax incentives

( December 18, 2024, 09:19 GMT | Official Statement) -- MLex Summary: Several companies operating in the Portuguese territory of Madeira have lost their legal challenges to the European Commission's order for Portugal to recover incompatible tax reductions applied to businesses in the Madeira Free Zone that didn't meet the conditions. In rulings delivered today, the EU General Court held, among other things, that no breach of the principle of legal certainty could be identified.The following judgments are attached (in French)...

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