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State aid: Commission finds Luxembourg gave illegal tax benefits to Engie; has to recover around €120 million


The European Commission has found that Luxembourg allowed two Engie group companies to avoid paying taxes on almost all their profits for about a decade. This is illegal under EU State aid rules because it gives Engie an undue advantage. Luxembourg must now recover about €120 million in unpaid tax.
More info: Press release -   Statement by Commissioner Vestager -  

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03:08 Extracts from the press conference by  Margrethe Vestager, Member of the EC in charge of Competition, on State aid Luxembourg / Engie
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Ref: I-157448
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07:37  Q&A
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Reference: P-037510
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Credit © European Union, 2018