ECJ finds Portuguese scheme contrary to EU law

Matthew Gilleard

April 13 2011

The European Court of Justice (ECJ) has found that Portugal failed to fulfil its obligations under Article 56 EC and Article 40 of the European Economic Area (EEA) Agreement. The judgment was made based on Portugal’s preferential tax treatment of investment in public debt securities issued by the Portuguese state, which conferred an undue advantage.

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Matthew Gilleard

Matthew Gilleard worked at ITR between 2010 and 2016

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