Spain appeals EU General Court’s finding of State aid in goodwill tax scheme 

Spain has appealed to the Court of Justice of the European Union seeking to overturn judgments rendered by the General Court in joined cases that found that Spain’s tax scheme allowing amortization of goodwill following a foreign acquisition is illegal State aid,

The so-called Spanish goodwill cases,  World Duty Free and Banco Santander and Santusa v Commission were decided December 2016. For a comprehensive report of this General Court decision and the issues involved, visit this link.

Spain argues that the court erred in applying the concept of the selectivity of State aid.