commiss decis octob aid scheme nn financ compani implement luxembourg notifi document number french version authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement european econom area articl thereof call interest parti submit comment pursuant provis cite procedur ecofin council adopt code conduct direct busi taxat view put stop unfair practic area undertak contain code commiss publish notic applic state aid rule measur relat direct busi taxat hereinaft refer notic reaffirm determin appli rule rigor accord principl equal treatment procedur cover notic letter februari commiss ask luxembourg inform luxembourg scheme financ compani letter march luxembourg author inform commiss scheme withdrawn februari letter april commiss ask inform view fact withdrawn scheme produc effect produc effect inform suppli commiss letter luxembourg author date letter sg juli commiss inform luxembourg decid initi formal investig procedur laid articl ec treati respect tax scheme financ compani letter septemb luxembourg submit comment commiss decis commiss decis initi procedur publish offici journal european commun commiss invit interest parti submit comment measur receiv comment interest parti letter march commiss ask luxembourg inform provid letter april ii descript measur statu financ compani govern circular lir juli hereinaft refer circular circular circular repeal circular lir februari total compani approv financ compani oper intern group financ compani resid limit compani fulli liabl tax part intern group sole purpos grant loan compani group refinanc financi mechan instrument public issu privat borrow bank loan bulk loan grant financ compani compani group situat abroad mean circular foreign intern group refer compani financi link incorpor countri luxembourg financ compani parent compani compani group capit luf billion approxim eur million equival financ compani statu principl grant unlimit durat circular state corpor tax purpos loan grant financ compani compani group gener trade profit line normal behaviour prudent manag relat independ parti end minimum accept commerci profit luxembourg financ compani tax purpos amount loan grant financi risk cover statutori collater reduc time financ compani enter margin result trade profit greater minimum profit trade profit purpos tax financ compani borrow financ loan group member interest paid borrow includ purpos municip trade tax assess basi oper capit incom financ financ compani temporarili enter product account except basi maximum dai interest accru ad commerci profit financ compani deduct taxabl profit withhold tax impos countri interest payment tax interest paid abroad group compani account purpos luxembourg corpor tax deduct trade profit iii ground initi procedur evalu inform suppli luxembourg author commiss examin method determin margin exclus refinanc calcul municip tax exercis discretionari power administr confer advantag financ compani view advantag grant state resourc affect competit trade member state select final felt except gener principl state aid prohibit applic doubt led commiss initi formal investig procedur case iv comment luxembourg comment submit luxembourg author summaris scheme withdrawn longer produc effect respect enterpris provis circular appli end luxembourg author point problem pose transfer price defend solut adopt final measur constitut aid mean articl treati transfer price link exist enterpris group enabl theori determin condit suppli good servic differ appli parti act independ enterpris oper free market enterpris tempt alloc profit group minimis total tax burden group case multin group alloc profit result tax base increas countri reduc explain concern govern ensur transfer price group close market price organis econom cooper develop oecd member state belong principl full competit adopt elimin impact special condit level profit principl set articl oecd model tax convent serv dual object ensur tax correctli assign countri avoid doubl taxat enabl multin enterpris independ enterpris treat equal method determin transfer price includ quot compar price free market quot method cost price method refer prevent tax avoid principl full competit luxembourg author point articl law decemb incom tax constitut legisl basi transfer price context circular adopt facilit taxat administr activ financ compani luxembourg administr compar price charg group price charg compar transact independ enterpris relev compar data luxembourg administr opt case cost price method view determin transfer price intra group servic provid financ compani multin group basi uniform method recommend oecd minimum threshold determin taxabl incom equal amount loan grant financi risk incur cover statutori collater laid financ compani realis trade profit greater minimum amount result applic circular higher trade profit account purpos corpor tax circular involv state aid mean articl treati measur give rise advantag measur set lighten tax burden born financ compani sole determin accur market price intra group servic appli cost price method luxembourg point paragraph notic commiss stress tax measur pure technic natur provis prevent doubl taxat tax avoid constitut state aid circular gener measur design prevent tax avoid produc fair trade profit financ compani constitut state aid requir financ compani belong larg intern group fund luf billion approxim eur million made ensur case amount payment low higher rate guarante consist market condit luxembourg note commiss question principl full competit compli consider percentag fix justifi exclud refinanc calcul municip tax luxembourg author commiss criticis aspect advantag enjoi financ compani hand practic applic cost price method compar transfer price paid fact refinanc exclud calcul municip tax aspect concern luxembourg stress transfer price charg enterpris higher result applic cost price method method led advantag enterpris result smaller tax base appli luxembourg take view fact minimum margin refer circular greater margin result market condit result arrang present attract tax term financ compani commiss conclud applic circular case constitut unlaw state aid demand recoveri enterpris concern identifi individu calcul made enterpris basi real transfer price luxembourg point commiss accept method cost price method advantag altern method result taxat equal compar arriv independ oper appli tradit method taxabl profit calcul basi differ enterpris incom charg luxembourg commiss consid advantag deem exist result appli cost price method suffici compar obtain mean tradit method commiss concern extent advantag luxembourg consid cost price method case give rise advantag point taxabl incom longer compar obtain independ oper mean tradit method aspect luxembourg consid commiss claim includ refinanc municip trade tax base advantag confer financ compani luxembourg author exclus justifi due fact charg deduct purpos calcul municip trade tax result determin accord corpor tax rule serv addit exclus basi municip trade tax financi charg ad end includ financi charg led absurd situat amount tax exceed actual profit justifi exclud financi charg taxabl incom purpos municip trade tax advantag grant state resourc luxembourg acknowledg advantag confer circular state resourc measur select alleg select stem applic discretionari practic luxembourg author confirm administr discret grant refus applic scheme financ compani contrari select result legisl administr except tax provis assert state aid rule appli situat compar case commiss cite preced luxembourg point paragraph notic commiss explain tax benefit occas restrict type undertak function product good constitut state aid luxembourg decis judgment court justic european commun measur deem select appli type undertak function luxembourg specif criterion met circular stem normal applic luxembourg tax rule circular appli intern group suffici size form part effort combat abnorm low transfer price condit impos relat size group establish countri limit order guarante oper manag luxembourg volum suffici give rise difficulti determin transfer price enterpris concern principl appli determin taxabl result financ compani propos circular base rule transfer price set oecd gener scope applic taxpay encount intra group invoic circular involv applic lower tax rate financ compani lai tax base calcul take account specif characterist multin compani ancillari argument luxembourg take view arrang financ compani consid commiss derog normal arrang justifi natur gener scheme system luxembourg author want reconcil principl link tax balanc sheet commerci balanc sheet legal certainti full competit reason outlin chose cost price method order give taxpay concern point refer lai minimum threshold declar profit earn intern oper measur distort competit affect trade member state rule transfer price design prevent disguis transfer profit abroad mean inappropri invoic method circular address intern group aim permit reduct taxabl profit intern group prevent tax avoid luxembourg circular consid confer advantag improv competit posit enterpris make group common market principl legitim expect luxembourg view taxpay circular applic legitim expect milit repay state aid result applic circular preced appli state aid rule choic method calcul tax base appli involv radic unforese extens current scope articl treati commiss consid time rule govern taxat european headquart multin group fall scope treati provis state aid luxembourg legitim ground believ circular legal public notic commun polici state aid unclear recoveri extend advantag obtain date notic publish principl retroact tax law luxembourg take view request recoveri alleg aid tantamount retroact amend ordinari tax rule run counter basic constitut principl retroact tax law commiss impos recoveri aid result gener tax scheme contest event commiss imposs recov alleg aid luxembourg consid consist case law effect fact imposs recov illeg aid member state requir recov situat luxembourg find case figur put amount aid establish real transfer price charg financ compani envisag method oecd assess measur comment submit luxembourg author commiss confirm initi posit set letter luxembourg juli initi formal investig procedur laid articl treati take view comment submit luxembourg enabl doubt express letter dispel tax scheme review constitut state aid mean articl treati deem aid question illeg constitut oper aid declar compat common market consid case luxembourg recipi enterpris justifi legitim expect aid recov begin commiss accept luxembourg comment problem pose transfer price intern context prevent tax administr cost price method determin tax base intra group servic provid financ compani system liken tax measur technic natur refer indent paragraph notic rule appli method case suggest grant aid rule order regard aid mean articl treati measur meet criteria set advantag firstli measur confer recipi advantag reliev charg born budget object altern method determin taxabl incom order prevent transact hide undu advantag donat sole purpos avoid taxat achiev taxat compar arriv independ oper basi tradit method taxabl profit calcul basi differ enterpris incom charg compli principl full competit area transfer price intern principl set articl oecd model tax convent detail oecd transfer price guidelin analysi requir individu fact circumst account oecd guidelin recommend quot safe harbour quot fix margin luxembourg author provid inform margin establish tax base financ compani cost price method determin practic commiss accept argument administr discretionari power grant refus applic scheme financ compani clear answer luxembourg administr power determin margin appli circular laid minimum rate amount loan grant financi risk incur cover statutori collater lai rule guidelin determin margin practic luxembourg author expressli minimum rate case case recommend circular appli commiss conclud financ compani group belong deriv advantag dint fact practic luxembourg systemat grant minimum rate check correspond econom realiti underli servic note case cross border intra group servic compar cost price system real transfer price ensur system result taxat compar obtain mean tradit method extent advantag deriv system determin stage analysi purpos recov aid prove commiss note minimum rate amount loan grant financi risk incur cover statutori collater systemat appli case luxembourg provid indic exist check ensur applic minimum rate talli level taxat result applic tradit method commiss take view conduct tax administr effect confer advantag exclus refinanc municip trade tax base commiss accept argument put forward luxembourg competit trade member state affect criteria met bulk loan grant financ compani compani group situat abroad accord case law court justic stress paragraph notic mere fact measur strengthen firm posit compar firm compet intra commun trade conclud trade affect case financ compani enterpris group belong found posit strengthen result reduc tax burden compani luxembourg assum case take account possibl group question activ sector characteris exist trade member state commiss take view measur liabl affect trade luxembourg author claim main object circular reduct taxabl profit prevent disguis transfer measur assess effect object consist confirm case law object pursu scheme question prevent classifi state aid mean articl treati select tax provis question concern financ compani belong multin group present countri luxembourg enterpris access advantag requir financ compani belong larg intern group minimum capit commiss note luxembourg provid proof demonstr threshold higher rate guarante consist market condit state paragraph notic tax advantag occas restrict function intra group servic hold luxembourg scheme financ compani criterion select met aspect select stem fact financ compani parent compani fund luf billion approxim eur million impli select favour larg group group unabl achiev minimum capit expenditur threshold exclud equal treatment cost price method luxembourg author admit requir financ compani belong larg intern group ensur suffici volum activ luxembourg commiss consid aspect select unjustifi natur gener scheme luxembourg tax system limit ensur oper manag luxembourg volum suffici give rise difficulti determin transfer price enterpris concern difficulti link determin transfer price appli principl servic good suppli compani intern natur suppli increas difficulti face compani belong larg scale multin group case difficulti question relev luxembourg author systemat appli minimum rate calcul cost price luxembourg comment effect preced form court decis judgment commiss point preced classif scheme financ compani state aid stem directli articl treati note recent case law tax measur select constitut state aid appli sole undertak carri invest exceed amount creat number job commiss take view reason appli case reconcil principl link tax balanc sheet commerci balanc sheet legal certainti full competit provid taxpay point refer prevent tax administr opt cost price formula commiss criticis system mean facilit determin transfer price transact entiti case issu systemat applic minimum rate regard derog correct cost price method liabl confer advantag enterpris justifi natur gener scheme system state resourc case reduct amount tax result applic circular involv reduct tax revenu constitut state resourc compat luxembourg author challeng preliminari assess compat scheme financ compani set decis initi formal investig procedur commiss confirm assess summaris derog provid articl treati aid social charact grant individu consum aid make good damag caus natur disast except occurr aid grant region feder republ germani applic case derog provid articl aid promot econom develop area standard live abnorm low underemploy applic likewis scheme financ compani fall categori import project common european interest elig derog provid articl design promot cultur heritag conserv qualifi derog provid articl examin scheme elig derog provid articl authoris aid facilit develop econom activ econom area case aid advers affect trade condit extent contrari common interest tax advantag grant scheme link invest job creation specif project constitut ongo tax relief classifi oper aid commiss take view aid question liabl advers affect trade condit extent contrari common interest recoveri measur question regard exist aid mean articl treati articl council regul ec march lai detail rule applic articl ec treati articl ec treati implement entri forc treati notifi commiss requir articl treati cover limit period constitut aid moment put effect constitut aid state aid grant illeg found incompat common market natur consequ aid recov recipi accord articl regul ec purpos recoveri restor competit situat exist aid grant absenc preced appli state aid rule choic method calcul tax base alleg lack clariti commun state aid polici justifi exempt basic principl claim imposs recov aid principl retroact tax law relev case law recoveri tax credit present difficulti administr point view fact enabl recoveri deem technic imposs consist confirm case law member state plead provis practic circumst exist intern legal system order justifi failur compli oblig commun law provis lai time limit revoc administr act relev provis nation law appli recoveri requir commun law render practic imposs interest commun fulli consider case member state escap effect monitor state aid compli oblig articl treati notifi advanc plan grant aid legitim expect articl regul ec lai quot commiss requir recoveri aid contrari gener principl commun law quot case law court justic commiss practic previou decis establish recoveri contrari gener principl commun law commiss action recipi legitim expect aid grant accord commun law van den bergh jurgen court state quot court consist held trader regard institut rise justifi hope reli principl protect legitim expect hand prudent discrimin trader foreseen adopt commun measur affect interest plead principl measur adopt quot commiss decis ecsc octob spain corpor tax law commiss note similar spanish system french system approv basi constitut aid mean articl eec treati articl ec treati present case note respect luxembourg scheme financ compani resembl scheme introduc belgium royal decre decemb taxat coordin centr scheme relat intra group activ cost price method determin tax base decis commiss view scheme involv state aid mean articl eec treati decis publish fact commiss rais object belgian scheme made public time xivth report competit polici answer parliamentari question connect commiss note decis belgian scheme coordin centr adopt entri forc luxembourg scheme financ compani note beneficiari scheme approv financ compani commiss decis juli initi formal investig procedur point circular repeal februari appli beneficiari decemb commiss accept argument put forward luxembourg beneficiari legitim expect waiv recoveri aid grant vi conclus commiss find luxembourg scheme financ compani constitut state aid mean articl treati derog provid articl applic find luxembourg unlawfulli implement system question breach articl treati note system withdrawn februari tax advantag grant beneficiari ceas decemb lastli acknowledg beneficiari legitim expect rule recoveri state aid found incompat common market requir aid recov adopt decis articl tax scheme financ compani implement grand duchi luxembourg mean circular lir june constitut state aid incompat common market articl decis address grand duchi luxembourg brussel octob commiss mario monti member commiss oj oj oj footnot transfer price price compani invoic good servic compani written question oj footnot case philip morri commiss ecr case belgium commiss ecr paragraph recit argument put forward luxembourg join case territorio histórico de álava diputación foral de álava commiss paragraph join case paragraph publish footnot oj case commiss itali ecr paragraph case commiss belgium ecr paragraph case commiss germani ecr paragraph case van de bergh jurgen commiss ecr paragraph oj footnot