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European Union

The CJEU said the General Court erred in law when it ruled that both companies benefitted from Italian state aid.
The ruling should reassure multinationals but won’t be the final word on state aid, say tax experts.
The Commission and EU General Court had said a Luxembourg ruling on Fiat's TP breached state aid laws
Panellists at the IFA Congress in Berlin said a standardised reporting system in the EU would reduce administrative costs for businesses and ameliorate audits.