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Brussels rules Spanish shipping tax breaks illegal

2013-07-17 123 Dailymotion

EU anti-trust authorities said on Wednesday that tax breaks offered by the Spanish government to the financiers of Spanish shipbuilders were illegal.<br /><br />Spain allowed investors to buy ships through an investment vehicle and pay less tax<br /><br />The European Commission said it favoured certain companies and amounted to unlawful state aid.<br /><br />...<br />http://www.euronews.net/

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