commiss decis march aid scheme implement unit kingdom favour gibraltar qualifi compani notifi document number english text 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 regard comment procedur letter date februari commiss ask unit kingdom provid inform number tax measur includ gibraltar qualifi compani regim unit kingdom repli letter date juli commiss request inform remind june unit kingdom repli juli letter date septemb unit kingdom submit inform exempt compani regim meet held unit kingdom gibraltar author octob discuss gibraltar offshor tax scheme qualifi compani regim exempt compani regim inform respons question rais meet submit unit kingdom januari letter date juli commiss inform unit kingdom decid initi procedur laid articl ec treati respect gibraltar qualifi compani regim extens month deadlin unit kingdom repli letter date septemb applic lodg registri court instanc european commun septemb govern gibraltar brought action annul decis sg initi formal investig procedur gibraltar qualifi compani regim action regist case applic brought govern gibraltar date adopt interim measur suspend decis sg initi formal investig procedur order commiss refrain publish case order date decemb presid court instanc dismiss applic interim measur judgment april court instanc dismiss applic annul decis novemb commiss request inform tax rate applic qualifi compani absenc repli commiss issu formal remind march unit kingdom repli april clarif request commiss octob unit kingdom repli novemb ad addit remark letter date decemb commiss decis initi formal investig procedur publish offici journal european commun invit interest parti submit observ letter date februari februari comment receiv charl gomez amp barrist act solicitor govern gibraltar comment forward unit kingdom repli letter date april ii descript measur definit qualifi compani set gibraltar incom tax amend ordin juli detail rule implement qualifi compani regim adopt mean incom tax qualifi compani rule septemb rule refer decis quot qualifi compani legisl quot order obtain qualifi compani statu compani fulfil inter alia condit regist gibraltar compani ordin paid share capit gbp foreign currenc equival deposit gbp gibraltar govern secur futur tax pai fee gbp qualifi compani certif gibraltarian gibraltar resid benefici interest share compani regist share gibraltar prohibit memorandum articl associ compani prior consent gibraltar financ centr director trade carri busi gibraltar gibraltarian resid gibraltar trade exempt qualifi compani compani fulfil condit obtain qualifi compani certif issu certif valid year qualifi compani liabl taxat profit rate lower normal corpor tax rate stand rate tax appli negoti compani concern financ centr divis part gibraltar govern depart trade industri telecommun statutori guidanc conduct negoti vast major qualifi compani pai rate tax recent polici gibraltar author ensur qualifi compani pai paramet rate tax set view ensur consist compani oper sector tax rate tabl benefit result qualifi statu includ fee payabl resid includ director dividend paid sharehold subject withhold tax prescrib rate compani stamp duti transfer share qualifi compani inform suppli unit kingdom circumst intend oper requir quot brick mortar quot presenc gibraltar compani undertak activ obtain qualifi compani statu exempt compani statu qualifi compani benefit situat subsidiari compani make incom remitt foreign parent requir suffer tax level reduc taxat home countri iii ground initi procedur evalu inform submit unit kingdom preliminari investig commiss consid relief oblig pai full amount corpor tax liabl confer advantag qualifi compani consid advantag grant state resourc affect trade member state select commiss consid derog gener prohibit state aid provid articl treati appli ground commiss doubt compat measur common market decid initi formal investig procedur iv comment govern gibraltar govern gibraltar make comment head qualifi compani legisl constitut aid mean articl treati qualifi compani legisl constitut aid exist aid illeg aid qualifi compani legisl constitut aid compat common market virtu exempt provid articl treati qualifi compani legisl constitut illeg incompat aid order recoveri aid contrari gener principl commun law comment summaris qualifi compani legisl constitut aid articl treati applic tax scheme qualifi compani legisl design oper intern context qualifi compani statu grant extent compani undertak busi gibraltar advantag form exempt applic tax rate gibraltar compet grant advantag relat jurisdict gibraltar govern accept advantag grant qualifi compani regim ring fenc domest market sens paragraph code conduct busi taxat adopt resolut council repres govern member state meet council decemb state resourc involv measur place financi burden budget govern gibraltar measur select qualifi compani set natur legal person irrespect nation econom activ gibraltar govern accept qualifi compani statu compani trade gibraltar gibraltarian gibraltar resid benefici interest act revers discrimin affect competit measur fall scope articl treati qualifi compani establish individu tax plan reason hold asset properti manag person wealth compani trade produc compet market gibraltar form part commun common custom territori treat countri purpos trade good articl treati appli aid perceiv grant undertak engag trade good good produc gibraltar circul freeli common market subject custom formal trade member state affect circumst reason commiss decis ec novemb aid firm venic chioggia relief social secur contribut law find advantag grant firm constitut state aid mean articl treati appli qualifi compani establish tax plan purpos trade good larg number compani enjoi qualifi statu benefit applic de minimi rule qualifi compani legisl constitut exist aid illeg aid qualifi compani legisl date time clear commiss member state econom oper extent state aid rule systemat appli nation legisl compani taxat exampl commiss state aid action gener corpor tax measur legisl predat year liberalis capit movement year clarif concept state aid made commiss notic applic state aid rule measur relat direct busi taxat hereinaft notic qualifi compani legisl model exempt compani legisl predat access gibraltar european union qualifi compani legisl notifi quot primarolo quot group establish accord paragraph code conduct busi taxat unit kingdom govern public notic time indic measur design harm code conduct busi taxat treat commiss unnotifi aid measur notic comprehens albeit exhaust definit quot fiscal state aid quot administr innov regard polici statement futur commiss action area quot clarif quot applic legisl articl council regul ec march lai detail rule applic articl ec treati measur aid result evolut common market liberalis activ qualifi compani legisl constitut measur refer provis aid subsequ fail regard qualifi compani legisl exist aid commiss appli retroact refin state aid criteria legal econom situat prevail regard irish compani tax scheme initi classifi aid commiss view subsequ chang reflect gradual tighten commun disciplin tax incent scheme discret treat qualifi compani legisl illeg aid commiss infring principl proportion treatment dramat econom consequ signific damag caus disproportion commun interest serv initi procedur respect illeg aid view diminut size gibraltar economi necessarili insignific impact legisl issu competit intern trade commiss equit approach consid qualifi compani legisl code conduct busi taxat articl treati procedur applic exist aid commiss infring principl legal certainti legitim expect wait year challeng qualifi compani legisl carri investig legisl reason time conform legisl commun law doubt commiss februari analog defrenn case prolong failur commiss act gave rise legitim expect part gibraltar commiss investig subject limit period pursuant articl regul ec individu aid grant aid scheme year commiss take action deem exist aid appli rule commiss regard qualifi compani legisl exist aid scheme event commiss infring principl legitim expect legal certainti allow excess long period elaps open investig legisl preliminari investig began februari formal investig procedur initi half year preliminari investig punctuat long period inact commiss doubt commiss late novemb util open state aid procedur harm measur identifi code conduct group reason claim exist aid procedur compat virtu articl treati articl treati aid remedi disturb economi member state consid compat common market qualifi compani legisl enact year closur royal navi dockyard announc time british militari presenc gibraltar scale dockyard gibraltar main sourc employ incom account employ gross domest product gdp closur caus disturb gibraltar economi includ structur chang econom distress term unemploy increas social cost exodu qualifi worker qualifi compani legisl respons disturb commiss court justic european commun interpret articl treati strictli mean disturb question affect economi member state region part territori ground appli exempt articl gibraltar unlik region territori member state gibraltar relev total separ unit kingdom notabl constitut polit legisl econom fiscal geograph term territori commun law appli virtu articl treati gibraltar unit kingdom economi distinct separ gibraltar receiv financi assist unit kingdom rais revenu meet expenditur commit disturb affect economi gener affect case bovin spongiform encephalopathi crisi disturb affect unit kingdom economi gibraltar treat except occurr mean articl treati order recoveri aid contrari gener principl commun law essenti similar reason summaris recit question exist aid argu favour principl legitim expect context recoveri argument notabl cover uncertainti scope state aid rule novelti commiss action corpor tax measur signific notic polici statement ag measur notif primarolo group evolut common market liberalis proportion prolong failur commiss act delai preliminari investig legitim expect creat prevent order recoveri time govern gibraltar beneficiari act good faith paragraph decis open formal investig procedur includ specif request comment legitim expect pose obstacl recoveri aid defenc case commiss confirm hesit possibl recoveri order emphasis unusu natur request specif comment commiss state uncertainti exist possibl measur exist quot grei zone quot legal uncertainti gave rise legitim expect debat recoveri aid paid order decemb presid court instanc observ unusu request convinc compani leav gibraltar sight allai consider extent concern beneficiari commiss led gibraltar govern beneficiari recoveri order applic articl treati classic quot offshor quot scheme conceptu difficulti determin advantag financi burden state select commiss time open formal investig exception decid question exist aid recoveri contrari principl proportion commun law choic cours action oner disadvantag caus disproportion aim pursu recoveri aid grant previou year place disproportion burden gibraltar author gibraltar small territori limit administr resourc compani assess taxat year recoveri involv inter alia request suitabl account qualifi compani includ longer activ assess tax liabil year issu tax demand handl appeal counter appeal pursuit payment tax due administr burden limit power investig gibraltar tax depart imposs trace compani ceas activ absenc compani asset gibraltar paralys government activ guarante achiev satisfactori recoveri recoveri disproportion effect gibraltar economi disproportion penalti view circumst led adopt qualifi compani legisl limit effect competit trade small size beneficiari financi servic account approxim gibraltar gdp employ directli relat qualifi compani estim total workforc financi sector signific impact virtual sector economi recoveri order lead wind bankruptci exodu qualifi compani destabilis financi servic sector major unemploy crisi turn caus polit social econom instabl larg number qualifi compani assess gibraltar taxat incom deriv accru receiv gibraltar result condit elig case beneficiari asset gibraltar jurisdict ceas trade untrac larg number beneficiari receipt aid compli de minimi rule comment charl gomez amp comment charl gomez amp summaris gibraltar legal profess substanti depend financ centr work qualifi compani make major contribut legal practition emploi hundr staff make substanti contribut indirectli employ gibraltar spain recours articl treati restrict area standard live low unemploy principl articl appli interest prevent unemploy poverti qualifi compani legisl enact gibraltar face year econom sanction spain immin closur royal navi dockyard face option poverti unemploy emigr gibraltar found altern sourc prosper establish gibraltar financ centr qualifi compani legisl major contributor european interest link accept poverti unemploy rule applic articl treati situat viabl altern unlik major financi centr gibraltar centr establish necess necess defenc duti mitig damag caus justifi qualifi compani legisl access commun institut fail defend right interest citizen union resid gibraltar judgment court justic citizen union gibraltar repres european parliament absenc involv quot eu territori gibraltar quot insist commiss notif defens measur gibraltar appear excess vi comment unit kingdom unit kingdom restrict initi comment question recoveri aid region select made observ comment govern gibraltar summaris recoveri aid qualifi compani legisl found illeg aid incompat common market gener principl commun law legitim expect preclud order recoveri aid paid legitim expect aris except circumst recipi legitim assum aid law circumst exist case inappropri unlaw commiss make order recoveri procedur articl treati flow adopt code conduct busi taxat commiss commit strict applic state aid rule measur relat direct busi taxat implicit statement past state aid rule strictli appli fiscal regim type address code conduct busi taxat highli consider govern gibraltar unit kingdom govern possibl rule question breach unit kingdom state aid oblig clear time highli specif sector tax advantag capabl state aid applic state aid rule gener compani tax scheme qualifi compani regim subject academ comment pronounc commiss unreason expect dilig businessmen rais question complianc measur state aid rule made busi plan alter econom posit basi qualifi compani legisl entitl assum tax benefit law point notic specif mention circumst resid compani treat favour resid time differenti tax treatment resid resid compani acknowledg commiss act select quot specif quot capabl bring state aid rule plai qualifi compani legisl place year prior time critic comment commiss region specif sole fact qualifi compani regim featur gibraltar legisl applic rest unit kingdom give rise element select requir articl treati gibraltar separ jurisdict rest unit kingdom tax purpos autonomi relat tax matter case diverg taxat law applic gibraltar appli rest unit kingdom automat give rise state aid jurisdict member state autonomi relat taxat matter creat state aid pure aspect taxat system result lower higher level taxat applic rest member state tax measur gener relev tax jurisdict caught articl treati rule call question tax rais tax vari power enjoi devolv decentralis administr commun constitut intervent member state constitut arrang govern gibraltar comment unit kingdom support govern gibraltar content qualifi compani legisl treat exist aid accord articl regul ec univers assum member state sovereignti fiscal issu limit state aid rule entir corpor tax system concern commiss made attempt appli state aid rule gibraltar tax regim tax regim commun offer favour tax treatment class compani agreement complet liberalis capit movement financi servic liberalis earli establish singl currenc attent focus limit harm competit aris member state tax regim state aid provis treati give effect tax polici phenomenon experienc year common market evolv decad state aid instrument todai consid state aid year ago commiss correct light current state commun law view introduct qualifi compani legisl state aid measur requir notif adopt todai commiss court justic consid state aid requir notif time adopt spain member state member state maintain bank law exchang control prevent tax advantag gibraltar clear gibraltar measur capabl distort competit affect trade member state time time commiss address case differenti tax treatment articl treati articl reli state aid rule academ comment tax law practition state aid principl appli case specif tax exempt offer individu compani group compani industri polici reason sustain argument measur gibraltar qualifi compani legisl capabl state aid public notic decemb question recoveri unit kingdom endors govern gibraltar argument commiss commit systemat appli state aid rule direct taxat measur aid imposs recov recoveri place disproportion burden gibraltar author qualifi compani corpor tax liabil gibraltar imposs assess recov aid larg number case beneficiari receipt de minimi aid vii assess aid measur consid observ unit kingdom author govern gibraltar charl gomez amp commiss maintain posit express decis juli unit kingdom author initi procedur articl treati scheme examin constitut unlaw oper state aid scope articl treati exist aid order consid state aid mean articl treati measur fulfil criteria measur afford beneficiari advantag reduc cost bear busi point notic tax advantag grant type reduct compani burden reduct amount tax qualifi compani regim fulfil criterion subject incom tax standard gibraltar corpor rate qualifi compani negoti rate tax gibraltar author recit observ qualifi compani legisl tax scheme design oper intern context relev qualif state aid measur commiss accept argument gibraltar compet grant tax advantag relat jurisdict fact qualifi compani negoti tax rate demonstr earn revenu absenc special treatment subject compani taxat standard rate irrespect type activ qualifi compani activ qualifi statu grant extent compani regist gibraltar regist branch oversea compani qualifi compani benefit special benefici tax treatment gibraltar compar compani regist gibraltar advantag grant state state resourc grant tax reduct negoti qualifi compani gibraltar author involv loss tax revenu point notic equival state resourc form fiscal expenditur govern gibraltar argument ring fenc measur place appar burden budget reject commiss consid tax advantag purpos articl treati grant state resourc origin advantag renunci member state tax revenu receiv absenc ring fenc tax advantag activ qualifi compani extent occur jurisdict gibraltar author subject full rate tax gibraltar differ tax rate repres tax revenu foregon measur affect competit trade member state criterion fulfil extent qualifi compani potenti trade compani locat member state activ countri market open undertak member state case qualifi compani normal circumst trade carri busi gibraltar gibraltarian resid gibraltar qualifi compani establish individu tax plan purpos trade produc compet market preclud fact qualifi compani tend quot brick mortar quot presenc gibraltar gener incom subject compani taxat albeit reduc rate suggest fact engag econom activ confirm wide rang sector qualifi compani activ recit commiss note gibraltar form part commun common custom territori affect applic state aid rule undertak gibraltar engag trade good undertak preclud trade undertak common custom territori preclud compet countri market commun undertak activ potenti extent tax advantag grant qualifi compani engag trade good strengthen posit trade competit affect parallel drawn commiss reason decis ec respect aid firm venic chiogga reject circumst case conclus impact trade aid compani base inter alia local natur servic provid consider applic qualifi compani govern gibraltar point oper intern context de minimi rule justifi applic qualifi compani regim mechan prevent grant aid excess allow de minimi rule measur exclud sector de minimi rule appli measur specif select favour quot undertak product good quot beneficiari measur gibraltar compani share gibraltarian gibraltar resid benefici interest addit qualifi compani normal circumst trade carri busi gibraltar gibraltarian resid gibraltar measur select grant privileg tax treatment gibraltar own compani oper gibraltar observ measur select person establish qualifi compani limit avail qualifi compani statu act revers discrimin gibraltar resid fail demonstr measur select examin measur comparison made gener applic system case standard regim corpor tax gibraltar qualifi compani regim except gener system commiss note unit kingdom observ region specif commiss note unit kingdom attempt argu qualifi compani regim constitut gener measur gibraltar tax jurisdict commiss stand conclus measur materi select gibraltar examin case question region select assess detail commiss decis march gibraltar govern corpor tax reform exist aid illeg aid question consid court instanc reject govern gibraltar argument commiss provision assess illeg aid respect qualifi compani regim model exempt compani regim qualifi compani legisl enact unit kingdom access commun consid quot exist aid quot mean articl regul ec court instanc conclud suffici ground commiss open formal investig procedur earli european court justic expressli confirm applic state aid rule fiscal measur exampl commiss action gener corpor tax measur affect exist illeg natur aid measur case qualifi compani legisl gener corpor tax measur specif scope event applic treati provis time situat constitut retroact applic rule qualifi compani legisl notifi commiss accord articl treati fact brought attent primarolo group treat formal notif commiss state aid rule notic constitut administr innov polici statement court instanc confirm quot notic commiss announc chang practic decis assess tax measur light articl ec ec quot unit kingdom wrong assert measur qualifi compani regim capabl classifi state aid public notic advanc claim qualifi compani legisl aid put effect sens articl regul ec govern gibraltar argu support unit kingdom measur predat liberalis capit movement year gener observ support specif argument relat qualifi compani se establish measur constitut aid clear legisl limit sector econom activ qualifi compani engag extent unspecifi restrict capit movement affect compani benefit tax advantag grant measur appar unit kingdom maintain member state bank law exchang control time prevent offshor tax advantag exist tax benefit strengthen posit qualifi compani market subject restrict compar competitor member state respect govern gibraltar advanc essenti argument plead court instanc court reject argument commiss provision classif qualifi compani legisl conclud quot gener argument capabl establish tax scheme ow intrins characterist classifi exist aid scheme quot court reject parallel drawn irish corpor tax case ground factual legal circumst commiss see ground chang view alleg infring principl proportion legal certainti legitim expect argument govern gibraltar presum margin discret commiss possess piaggio case court rule commiss classif scheme issu exist aid reason practic expedi scheme notifi accord articl treati accept confirm court instanc classif measur exist aid determin refer time elaps measur enact independ previou administr practic alleg econom consequ reason suggest charl gomez amp unit kingdom commiss act excess measur requir notif reject similarli limit period articl regul ec set gener principl illeg aid transform exist aid preclud recoveri aid establish year commiss intervent commiss note procedur articl treati concern differ gener provis member state contrast qualifi compani legisl gener provis select measur narrow scope fall scope state aid rule commiss note action consist paragraph code conduct busi taxat compat qualifi compani regim constitut state aid mean articl treati compat common market evalu light derog provid articl derog provid articl treati concern aid social charact grant individu consum aid make good damag caus natur disast except occurr aid grant area feder republ germani appli case closur naval dockyard consid except occurr mean articl treati commiss decis make practic establish derog appli circumst except occurr unpredict control member state author unit kingdom author announc closur dockyard year close derog provid articl authoris aid promot econom develop area standard live abnorm low underemploy point commiss guidelin nation region aid establish methodolog demarc area consid elig benefit derog articl treati histor data contrari assert charl gomez amp provis prospect appli area condit low standard live underemploy exist area defin unit kingdom region aid map unit kingdom author propos gibraltar assist area accept region aid grant gibraltar period gibraltar area articl appli event argu gibraltar capita gross domest product threshold set point commiss guidelin nation region aid articl palliat uncertain unquantifi futur effect prevent attenu nation author polici instrument qualifi compani regim consid project common european interest remedi disturb economi member state refer articl treati govern gibraltar observ commiss court justic interpret articl strictli mean disturb affect economi member state disturb question closur naval dockyard disturb unit kingdom economi whilst commiss note govern gibraltar argument gibraltar separ unit kingdom constitut polit legisl econom fiscal geograph term alter fact purpos state aid rule gibraltar form part unit kingdom uniqu scope articl treati event area commun characteris vari type degre separ member state form part area treat member state purpos articl parallel govern gibraltar draw measur adopt respons bovin spongiform encephalopathi bse crisi unit kingdom relev bse crisi consid except occurr measur fell scope articl treati requir articl appli except occurr affect member state concern qualifi compani regim object promot cultur heritag conserv provid articl treati final qualifi compani regim examin light articl treati authoris aid facilit develop econom activ econom area aid advers affect trade condit extent contrari common interest tax advantag grant qualifi compani regim relat invest job creation specif project simpli constitut reduct charg born undertak concern busi consid oper state aid benefit ceas aid withdrawn constant practic commiss aid consid facilit develop activ econom area articl treati oper aid point commiss guidelin nation region aid grant except circumst special condit addit gibraltar includ region aid map unit kingdom period approv commiss state aid recoveri court justic repeatedli rule illeg grant state aid found incompat common market natur consequ find aid recov beneficiari recoveri aid competit posit exist aid grant restor articl regul ec quot commiss requir recoveri aid contrari gener principl commun law quot govern gibraltar argument effect legitim expect creat uncertainti scope state aid rule rariti novelti commiss action tax measur offshor natur reject except circumst recipi unlaw aid escap oblig repai aid nation court assess circumst individu case similarli public notic repres polici statement commiss unit kingdom impli tighten applic state aid rule creat legitim expect applic treati rule specif situat time creat legitim expect respect past event contrari unit kingdom suggest differenti tax treatment resid resid compani plai import part previou commiss state aid decis notif qualifi compani legisl primarolo group creat legitim expect measur scope commiss commit mention paragraph code conduct busi taxat examin examin member state exist tax arrang consequ state aid investig bring evolut common market liberalis capit movement financi servic govern gibraltar provid gener argument insuffici establish exist legitim expect commiss note specif reason advanc evolut common market creat expect argument relat impact specif liberalis measur addit clear scope qualifi compani legisl wider sector affect restrict capit movement financi servic govern gibraltar draw defrenn case support argument delai investig qualifi compani regim creat legitim expect factual legal situat defrenn case prolong failur infring action member state investig infring concern repeat warn initi action commiss led member state consolid belief effect articl treati articl contrast commiss attent repeatedli drawn qualifi compani regim adopt code conduct busi taxat commiss start systemat examin member state tax arrang similarli alleg delai preliminari investig creat legitim expect unit kingdom failur meet deadlin set request inform contribut delai delai preliminari investig put wider context commiss follow adopt code conduct busi taxat sought inform member state tax measur qualifi compani regim measur commiss inact preliminari investig proce qualifi compani parallel preliminari investig measur part time spent investig exempt compani legisl govern gibraltar qualifi compani regim model quot word word quot case govern gibraltar refer submiss made exempt compani paper submit unit kingdom letter septemb observ exempt compani appli mutati mutandi qualifi compani commiss awar unit kingdom author govern gibraltar inform conduct investig govern gibraltar opportun discuss investig offshor tax regim meet held octob stage opportun enquir progress time outcom true doubt util open state aid procedur tax measur pend progress rollback harm measur relat part exist aid measur roll back accord code conduct busi taxat state aid investig longer mean commiss view interest equal treatment initi proceed number measur wide rang member state time adopt piecem approach claim limit period period fact exist provid articl regul ec preclud recoveri aid establish year commiss intervent case year commiss letter februari commiss note govern gibraltar comment signific commiss specif request observ recoveri aid whilst request express commiss uncertainti question recoveri serv explicit signal beneficiari event measur found constitut illeg incompat aid recoveri remain distinct possibl principl logic outcom whilst presid court instanc observ quot unusu request sight allai consider extent concern beneficiari quot conclud concern dispel commiss put absurd situat pervers consequ seek view action preclud action similarli doubt commiss publicli express exist illeg natur aid measur serv emphasis find illeg aid consequ clear possibl claim order recoveri infring principl proportion reject court justic consist held recoveri unlawfulli grant state aid view establish previous exist situat principl regard disproportion commiss reject assert order recoveri place disproportion administr burden gibraltar author unit kingdom qualifi compani repres compani assess taxat year gibraltar qualifi compani pai incom tax albeit reduc rate compani tend quot brick mortar quot presenc gibraltar commiss conclud administr burden excess suggest power investig gibraltar tax depart limit court justic rule nation provis invok render recoveri imposs argument similar recit consequ recoveri gibraltar economi govern gibraltar attempt prevent public decis open formal investig procedur materialis result recoveri order case commiss note argument impact recoveri gibraltar economi encompass qualifi compani exempt compani regim govern gibraltar made observ threat recoveri diminish extent annul commiss decis initi formal state aid investig procedur origin exempt compani legisl investig exist aid scheme recoveri order respect legisl impact forecast govern gibraltar extent materialis reduc event commiss hypothet consider imped restor competit situat exist implement illeg aid measur commiss note govern gibraltar comment qualifi compani assess taxat gibraltar asset jurisdict ceas trade receipt aid de minimi threshold consider preclud recoveri order reliev member state author oblig step give full effect recoveri order relev context examin individu case context commiss note benefit qualifi compani statu limit de minimi aid limit enterpris assess taxat gibraltar asset jurisdict gibraltar author commiss make observ good faith gibraltar author rule court justic exist aid measur alter order measur aid virtu modif modif aid alter widen scope measur increas advantag present case commiss note rule court instanc gibraltar exempt compani legisl consid exist aid measur commiss note qualifi compani legisl model close exempt compani legisl condit elig larg ident substant differ concern determin annual tax due pai low fix annual tax qualifi compani pai percentag annual profit qualifi compani pai tax profit higher rate exempt compani restrict qualifi compani regim consid offer reduc advantag mean articl treati compar exempt compani regim commiss note event tax paid qualifi compani lower fix annual tax equival exempt compani differ fall de minimi threshold legisl minimum tax rate qualifi compani whilst exempt compani pai fix annual tax gbp court justic consist rule dilig businessman foreseen adopt commun measur affect interest reli principl protect legitim expect measur adopt similar exempt compani qualifi compani regim hard dilig oper anticip regim subject state aid procedur differ scheme inher design reflect practic gibraltar author requir offshor compani physic presenc gibraltar pai tax albeit low level reason assum conscienti businessman act good faith legitim believ opt gener qualifi compani regim manifestli legal state aid term exist exempt compani regim enter regim legal doubt commiss conclud order recoveri except circumst case contrari gener principl commun law viii conclus conclud gibraltar qualifi compani regim constitut state aid mean articl treati derog provid articl articl appli conclud unit kingdom unlawfulli implement scheme question breach articl treati beneficiari scheme entitl entertain legitim expect legal scheme doubt recoveri aid grant qualifi compani legisl requir adopt decis articl state aid unit kingdom implement qualifi compani regim contain gibraltar incom tax amend ordin juli gibraltar incom tax qualifi compani rule septemb incompat common market articl unit kingdom withdraw scheme refer articl articl unit kingdom inform commiss month notif decis measur compli articl decis address unit kingdom great britain northern ireland brussel march commiss mario monti member commiss oj join case gibraltar commiss ecr ii join case gibraltar commiss ecr ii footnot approxim compani fall rang tax rate compani negoti case case basi rang correl tax rate appli area activ compani compani oper divers sector includ privat invest hold market sell holidai home offshor bank ship repair market consult servic exempt compani pai tax profit pai fix annual tax gbp oj oj recit oj oj regul amend act access oj case defrenn sabena ecr paragraph join case freistaat sachsen commiss ecr ii seq footnot join case paragraph case rijn scheld verolm commiss ecr footnot instanc case germani commiss ecr paragraph commiss decis march publish join case paragraph case itali commiss ecr paragraph join case diputación foral de guipúzcoaand commiss ecr ii paragraph join case oj join case paragraph case piaggio ifitalia ecr join case paragraph point notic oj oj commiss approv letter sg august join case freistaat commiss ecr ii paragraph join case case spain commiss ecr paragraph case commiss germani ecr ladbrok race commiss ecr ii siemen commiss ecr ii footnot commiss decis ec april state aid form tax concess undertak oper triest financi servic amp insur centr pursuant articl italian law januari oj recit join case gibraltar commiss paragraph join case spain commiss ecr case rheinland pfalz alcan ecr join case gibraltar commiss paragraph join case paragraph join case paragraph join case paragraph case van den bergh jurgen commiss ecr paragraph