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European court rules that Belgium’s ‘sweetheart’ tax scheme is not state aid - exposes cracks in broken tax system

Brussels, 14 February 2019 - Today, the European Court of Justice ruled against the European Commission, which had alleged that the Belgian tax scheme, known as the ‘excess profit scheme,’ provided illegal state aid worth around €700 million to multinational corporations.The Belgian tax scheme allowed selected multinational corporations to discount large parts of their profits when paying corporate tax in Belgium. It has existed since 2005, and came into the spotlight in 2015, when the ...
The European Network on Debt and Development (Eurodad) is delighted to announce the appointment of its new Director, Jean Letitia Saldanha.  Jean takes over from interim Director Antonia Vorner at the end of April. She joins Eurodad from CIDSE, the ...