PARIS (dpa-AFX) - The European Commission announced it has found that Luxembourg allowed two Engie group companies to avoid paying taxes on almost all their profits for about a decade. The Commission stated that Luxembourg must now recover about 120 million euros in unpaid tax.
Following an in-depth investigation launched in September 2016, the Commission concluded that two sets of tax rulings issued by Luxembourg have artificially lowered Engie's tax burden in Luxembourg for about a decade.
Copyright RTT News/dpa-AFX