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Eurodad media statement in response to Commissioner Vestager announcement that Belgian 'Excess Profit' scheme amounts to illegal state aid

Today, Commissioner Margrethe Vestager announced that a Belgian 'Excess Profit' scheme amounts to illegal state aid, as it has allowed around 35 companies to avoid paying 700 million euros in tax. In response to this decision, Tove Maria Ryding, coordinator of tax justice with the European Network on Debt and Development (Eurodad), said: "This is the latest in a string of cases that highlight how secret tax rulings, also known as 'sweetheart' deals, are allowing multinational corporations to escape ...