Belgium's tax breaks for multinationals ruled illegal state aid

European commission orders Belgian government to charge 35 companies, including BP, an additional €700mThe European commission has ruled that the brewer ABInBev, BP and 33 other multinationals have received sweetheart tax deals from Belgium so generous as to amount to illegal state aid.It has ordered Belgium to revise its tax settlements with the companies concerned, charging them combined additional taxes of €700m (£523m). Continue reading...