Revenue at the European Court of Justice
All eyes are now on Luxembourg's European Court of justice as the eagerly-awaited Marks & Spencer loss relief case finally gets underway.
All eyes are now on Luxembourg’s European Court of justice as the eagerly-awaited Marks & Spencer loss relief case finally gets underway.
The case is worth about £50m, should M&S win, and could result in the majority of European Commission member states’ tax systems being deemed illegal. It could also lead to £20bn-worth of similar claims in the UK alone.
M&S is only one of hundreds of multinationals with claims lodged at various UK and European courts.
In this roundup we track the developments as they unfold. Click on the links below for our in-depth news, analysis and comment pieces.