Engie Wins Top Court Spat With EU Over €120 Million Tax Bill (2)

December 5, 2023, 3:16 PM UTC

French utility Engie SA won its fight with the European Union over a €120 million ($130 million) bill for allegedly illegal tax breaks in another stinging defeat for regulators seeking to rein in nations that give special deals to big businesses.

The EU’s Court of Justice ruled on Tuesday that the European Commission made a series of errors in its 2018 findings that Luxembourg granted Engie illegal state aid in the form of a preferential fiscal arrangement.

“Those errors vitiated the whole of the selectivity analysis and the commission’s decision is therefore annulled,” the court said.

EU Competition Commissioner Margrethe ...





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