commiss decis march aid scheme unit kingdom plan implement govern gibraltar corpor tax reform 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 august regist august sg unit kingdom notifi commiss pursuant articl ec treati govern gibraltar corpor tax reform hereinaft reform octob commiss decid initi procedur laid articl ec treati respect reform decis notifi unit kingdom octob sg extens deadlin unit kingdom repli letter date decemb commiss decis initi formal investig procedur publish offici journal european commun invit interest parti submit observ comment submit spanish confeder busi organis confederación española de organizacion empresarial decemb åland execut finland åland landskapsstyrels januari spanish govern januari govern gibraltar januari comment forward unit kingdom repli letter date februari ii detail descript measur descript take account modif reform propos made govern gibraltar respons open formal state aid investig procedur modif set unit kingdom letter decemb summaris paragraph object reform state aim reform adopt gener corpor tax scheme involv element state aid provid legal certainti compani activ gibraltar ensur suffici revenu gibraltar govern compani taxat reform intend deliv complianc eu code conduct busi taxat hereinaft code conduct oecd report harm tax competit govern gibraltar essenti element reform gener abolit taxat compani profit except top tax util financi servic activ reform propos base complet elimin discrimin resid resid domest domest econom activ elimin call ring fenc provis exempt qualifi compani legisl abolish formal distinct call offshor onshor economi remov gener tax system introduc reform payrol tax busi properti occup tax registr fee applic gibraltar compani gibraltar govern estim current limit essenti incom corpor tax gbp million eur million repres total govern revenu larg maintain system base gener tax applic gibraltar compani compar person incom tax gbp million eur million repres revenu incom top tax financi servic util activ limit make shortfal corpor tax revenu gener system implement reform implement compani payrol tax ordin compani annual registr fee ordin rate ordin compani taxat design activ ordin legisl implement gibraltar govern pass gibraltar parliament hous assembl part reform compani taxat concess ordin exempt compani legisl incom tax qualifi compani regul qualifi compani legisl repeal effect incom tax ordin amend repeal duli amend provis charg compani incom tax rule administ gibraltar commission incom tax compani gibraltar requir file public account compani registri accord ec compani law direct compani gibraltar tax liabil requir file tax account commission stringent measur introduc order ensur complianc oblig time gibraltar tribun deal specif compani taxat matter call compani taxat design activ tribun set purpos exercis power relat appeal matter aris oper legisl power includ power requir compani make inspect tribun book account employ record document opinion tribun inform relat subject matter proceed payrol tax busi properti occup tax profit base taxat replac gener payrol tax pursuant gibraltar compani liabl amount gbp employe year quot employ quot gibraltar requir pai payrol tax total number full time part time quot employe quot quot emploi gibraltar quot central term defin employ compani incorpor regist law forc gibraltar pai emolu account make payment person respect servic servic provid individu deem employe employe individu emolu paid payabl includ director director exercis function director part time casual labour emploi gibraltar mean employe emploi gibraltar work gibraltar base gibraltar gibraltar govern introduc detail anti avoid rule intend elimin possibl abus includ introduc concept quot deem employe quot rule target employe carri activ gibraltar combin effect mean term quot employe quot quot emploi gibraltar quot cover essenti employe physic present gibraltar unit kingdom total employe gibraltar emploi privat sector compani occupi properti gibraltar busi purpos pai busi properti occup tax rate equival percentag liabil gener rate charg properti gibraltar expect rate liabil payrol tax busi properti occup tax cap profit compani pai payrol tax busi properti occup tax make profit amount exceed profit vast major compani gibraltar subject payrol tax busi properti occup tax gibraltar govern estim number compani gibraltar accru estim payrol tax busi properti occup tax liabil excess profit result cap pai tax rate profit vari year year depend individu circumst compani registr fee gibraltar govern replac fee paid compani gibraltar amount approxim gbp annum registr fee applic gibraltar compani gbp annum compani intend gener incom gbp annum compani intend gener incom taxat design activ top penalti tax design activ financi servic util subject addit top penalti tax profit gener activ respect top tax appli profit alloc design activ unit kingdom estim approxim compani gibraltar liabl top tax financi servic activ whilst liabl top tax util activ definit quot financi servic quot compani includ inter alia credit institut moneylend invest firm dealer broker advis manag life assur collect invest scheme intermediari collect invest scheme oper truste insur broker agent manag profession truste compani manag bureau de chang auditor definit financi servic includ compani advis provid servic respect financ law tax account definit quot util quot activ encompass provis servic equip premis telecommun voic telephoni fax commun data commun transmiss callback call servic electr gener distribut suppli water product import export suppli potabl salt water sewag provis oper manag mainten repair replac modif renov replac renew sewer dispos treatment sewag petroleum collect product import export treatment improv pump storag distribut suppli fuel oil financi servic compani addit payrol properti tax charg top tax profit financi servic activ rate profit calcul accord internation accept account standard financi servic compani annual liabil payrol tax busi properti occup tax top tax cap aggreg profit util compani addit payrol properti tax charg top tax profit util activ rate profit calcul accord internation accept account standard compani permit deduct payrol tax busi properti occup tax liabil top tax util compani annual liabil payrol tax busi properti occup tax cap aggreg profit oper util top tax ensur compani pai tax equal profit liabil top tax determin basi relev activ rule appli financi servic util activ quot hybrid quot compani compani engag util activ gener activ profit deriv util activ tax compani engag financi servic activ gener activ profit deriv financi servic activ tax compani engag util activ financi servic activ profit deriv util activ tax profit financi servic activ tax distinct made respect unearn profit notabl profit made hybrid compani rent royalti premium profit aris real properti gibraltar dividend interest discount unearn profit tax top rate proport profit gain financi servic util activ bear trade profit gain made compani featur reform rate ordin premis exempt exempt premis includ court justic church cemeteri public garden uninhabit militari defenc civil defenc premis lighthous gibraltar museum premis exempt addit rate busi properti occup tax gibraltar author reduc remit payment gener rate quot interest develop gibraltar quot compani payrol tax ordin compani taxat design activ ordin lai rule calcul profit gain rule applic cap profit liabil payrol tax purpos determin liabil top tax financi servic activ profit comput accord account standard unit kingdom modifi gibraltar gibraltar societi charter certifi account bodi purpos determin profit capit gain capit loss exclud purpos determin profit capit allow inter alia deduct respect entertain centr mill factori premis annum respect plant machineri gbp year expenditur made gbp comput equip remaind subsequ year modif reform origin notifi respons open formal state aid investig procedur made govern gibraltar tax reform propos provis cap gbp combin liabil payrol tax busi properti occup tax applic top tax financi servic activ remov remov quantum cap accompani lower top tax financi servic compani profit singl undetermin rate rang provis exempt premis upper rock gibraltar rate busi properti occup tax remov provis exempt class incom purpos determin profit remov interest receiv chargeabl compani respect loan made person purpos financ invest develop project design promot econom social develop gibraltar term condit loan approv purpos write gibraltar author interest payabl loan charg consolid fund gibraltar govern financ date extent approv grant gibraltar author iii ground initi procedur evalu inform submit unit kingdom notif commiss consid number featur reform propos liabl confer advantag gibraltar compani entir system grant advantag gibraltar compani compar uk compani region select requir make profit incur payrol properti tax liabil confer advantag unprofit compani cap liabil payrol properti tax confer advantag compani appli gbp cap liabil payrol properti tax confer advantag compani appli technic featur reform liabl give rise state aid exempt rate properti tax exempt interest incom purpos determin profit commiss consid advantag grant state resourc affect trade member state select commiss consid except gener prohibit state aid provid articl ec treati appli ground commiss doubt compat measur common market decid initi formal investig procedur iv comment unit kingdom observ unit kingdom summaris commiss object reform propos set decis open formal state aid investig procedur fall head base specif fact compani liabl tax make profit confer advantag unprofit compani compar profit oper profit base cap benefit undertak appli reduc liabil payrol tax busi properti occup tax financi servic top tax applic oper gbp quantum cap benefit undertak appli reduc liabil payrol tax busi properti occup tax financi servic top tax applic exempt properti upper rock confer tax advantag undertak occupi premis provis exempt interest loan calcul profit purpos corpor tax rule confer advantag compani featur propos tax scheme result lower tax burden compani gibraltar compar compani unit kingdom constitut advantag region specif unit kingdom govern gibraltar share commiss doubt state aid charact element reform prejudic origin reform propos element state aid govern gibraltar drop gbp cap plan tax system remov provis exempt rate busi properti occup tax properti upper rock gibraltar remov provis exempt interest incom purpos determin profit remain object give rise state aid tax unprofit compani state aid select aris absenc liabil tax profit made true payrol tax busi properti occup tax payabl taxpay compani profit profit sine qua liabil tax base condit preced liabil tax question natur tax compani make profit tax capit compani contrari commiss claim quot oper event quot payrol tax busi properti tax profit quot oper event quot profit employ employe profit properti case payrol occup busi premis secondari factor logic propos scheme dual employ occup constitut tax base profit constitut lower quantit threshold liabil tax base quantit limit gener natur applic compani size sector activ quantit limit select natur logic plan corpor tax scheme compani tax make monei pai tax commiss conced point commiss notic applic state aid rule measur relat direct busi taxat hereinaft notic select justifi natur tax system valid tax system base profit labour properti quot pure quot profit base system compani make profit tax parallel drawn social secur contribut serv purpos unrel compani profit limit tax profit state aid propos limit select order constitut state aid tax measur select favour compani sector applic cap depend relationship profit number employe year potenti benefit compani larg small sector economi year reach level profit relat payrol specif group compani limit tax liabil appli defin case group chang year year rule gener applic gibraltar compani commiss explain point notic fact firm sector benefit tax measur necessarili measur caught state aid rule govern gibraltar devis gener tax scheme base simpl factor properti payrol exist profit time decid wish appli tax regress effect band tax base profit tax bill profit full tax paid tax bill exce profit rate appli surplu decis fulli line freedom govern gibraltar devis tax regim engag state aid rule govern gibraltar wish limit maximum tax bill compani system tax rate quot band quot tax base size tax rate lower sens confer advantag taxpay lucki arrang affair pai lower rate creat state aid cap confer specif advantag compani appli limit justifi natur gener scheme system part direct tax gibraltar find optim balanc maximis tax revenu limit maximum liabil individu taxpay exce abil pai make direct tax regress level limit kind essenti specif circumst gibraltar economi limit geographi labour economi gibraltar small vulner shock creat natur fair tax competit jurisdict compani afford leav larg member state easili move tini economi gibraltar tax base subject quantit limit princip object inher tax system ensur revenu meet public expenditur endang market fluctuat labour gibraltar scarc taxabl asset tax labour follow progress principl logic tax profit tax labour time consider abil compani creat taxabl incom ensur stabil workforc cyclic natur economi corpor profit labour tax regress element trigger mass layoff instabl time cyclic market fluctuat depress small economi random variat result econom fluctuat larger proport effect gibraltar larger economi intern logic propos payrol tax system justifi cap payrol tax liabil relat profit contrast util corpor tax liabil profit justifi natur logic system labour stabil ensur util close link territori serv direct result small size gibraltar market occupi natur monopoli semi monopoli posit make highli profit regress element tax appli util aris region specif legal author suggest separ genuin autonom tax jurisdict member state rate tax jurisdict compar lower rate tax regard state aid lower tax rate state aid time autonom region tax author respons manag public spend region choos basi democrat express public prefer cut spend reduc tax issu discuss advoc gener address court case concern withdrawn seri recent case basqu provinc court instanc state contest decis effect compet álava adopt gener tax measur applic region region variat autonom jurisdict state aid mean articl ec state aid measur present state resourc tax foregon assess presuppos rate tax activ appli member state case taxat subject territori autonomi oppos set uniform vari locat similarli analysi select advantag reli assumpt level tax appli activ relev territori state aid criteria assum suppos aid compar standard normal tax rate suppos state aid measur present sens except exempt standard applic compani receiv tax rate recipi suppos aid measur subject applic rate allegedli constitut aid abolish valid standard comparison purpos decid quot aid quot present standard comparison purpos assess select tax situat appli tax jurisdict regim devis local gibraltar meaning commiss posit make imposs tax jurisdict cover member state adopt tax rate applic tax jurisdict state adopt lower rate automat constitut state aid comparison tax jurisdict adopt higher tax rate tax rate rest state automat state aid make exercis fiscal autonomi measur creat state aid jurisdict question absurdli member state differenti direct busi taxat frequent exist member state consequ layer territori subdivis lowest municip level context parallel drawn wto agreement subsidi countervail duti state quot set chang gener applic tax rate level govern entitl deem specif subsidi quot purpos rule prohibit grant subsidi articl unit kingdom spain enter agreement establish joint sovereignti gibraltar commiss posit region specif nonsens effect prevail tax rate gibraltar equal prevail tax rate unit kingdom prevail tax rate spain state aid present jurisdict appli lower rate commiss appear suggest tax separ tax jurisdict state formal percentag tax rate fact exempt appli allow compani allow exempt receipt aid thing equal paid higher rate tax jurisdict commiss theori inappropri fact gibraltar case comparison tax base tax structur compani profit tax made compani profit tax jurisdict simpli imposs make meaning comparison tax system complet tax base maintain commiss reason region specif respect fundament principl subsidiar eu law constitut misus power member state concern function autonom tax jurisdict compet corpor tax revenu territori suffer signific distort effect competit subsidiar principl ec treati commun task interven constitut arrang member state commiss fact seek state aid rule pursu tax uniform eu member state commiss suggest state plead nation law constitut law avoid oblig commun law principl irrelev issu select question select aris suggest tax provis favour gener tax rule appli alter fundament member state organis tax system autonom tax region rais independ discriminatori revenu fund public task state aid basi region specif circumst gibraltar genuin autonom tax jurisdict determin tax system independ tax impos tax jurisdict state payabl commiss posit interfer possibl member state decentralis power establish fiscal autonomi region cover expenditur incur exercis decentralis power make imposs region tax jurisdict increas reduc tax creat state aid region tax reduc tax increas absurd suggest state aid rule interpret make imposs member state decentralis tax power effect amend constitut commiss state absenc specif compani taxat regim gibraltar compani gibraltar subject standard unit kingdom tax regim repres misunderstand constitut posit gibraltar standard unit kingdom tax regim appli unit kingdom appli tax jurisdict normal residu regim appli absenc special provis fact unit kingdom respons foreign relat gibraltar provis unit kingdom law appli automat gibraltar gibraltar oversea territori unit kingdom form part majesti queen dominion part unit kingdom gibraltar region unit kingdom sens constitut order includ institut distinct unit kingdom gibraltar adopt legisl respect defin domest matter gibraltar autonom govern gibraltar econom suffici autonom tax jurisdict receiv financi assist unit kingdom unit kingdom tax law appli gibraltar gibraltar govern requir gener suffici revenu taxat financ expenditur autonom compet propos gibraltar legislatur enforc gibraltar corpor taxat law gibraltar unit kingdom economi distinct separ economi gibraltar relev total distinct unit kingdom notabl constitut polit legisl econom fiscal revenu rais geograph term gibraltar part unit kingdom reason gibraltar part unit kingdom commun law purpos commun law appli gibraltar virtu articl ec treati articl point illustr gibraltar special separ statu fact gibraltar consid region unit kingdom state aid purpos extent gibraltar commun membership unit kingdom gibraltar form part fiscal territori defin commun level commun vat territori european commun law effect gibraltar virtu european commun ordin primari legisl pass gibraltar parliament virtu european commun act effect commun law unit kingdom gibraltar legislatur implement ec direct gibraltar independ unit kingdom implement commun law requir set compet author gibraltar set compet author distinct set purpos unit kingdom european court human right judgment matthew case gibraltar exclud particip elect european parliament exclus oper annex ii act direct elect term quot unit kingdom appli provis act respect unit kingdom quot gener comment commiss appear fear gibraltar propos corpor tax system perpetu harm tax competit unit kingdom gibraltar govern propos tax reform compat code conduct busi taxat oecd report harm tax competit harm tax measur typic involv lack transpar lack exchang inform favour tax treatment resid compani compar resid propos reform gibraltar elimin harm aspect current exempt qualifi compani taxat gibraltar consid favour tax territori concern address applic state aid rule state aid involv comment interest parti observ receiv govern gibraltar spain spanish confeder busi organis åland execut govern gibraltar govern gibraltar awar fulli endors argument put forward unit kingdom addit point made govern gibraltar separ observ summaris gibraltar govern power tax unit kingdom compani similarli unit kingdom govern power tax gibraltar compani gibraltar tax law enforc exclus gibraltar author object reform implement corpor tax regim compli state aid rule code conduct reform part wider aim secur complianc intern standard financi regul supervis obtain good stand intern financi commun gibraltar previous found quot tax haven quot intern monetari fund imf financi action task forc fatf oecd imf fatf report gibraltar confirm gibraltar complianc main intern standard financi regul supervis gibraltar govern commit oecd deliv complianc requir exchang inform transpar gibraltar tax reform amend deliv de facto complianc eu code conduct reform deliv complianc state aid rule clearanc state aid rule remain obstacl ensur gibraltar requir intern commun includ european union address perceiv evil tax haven gibraltar measur exempt qualifi compani regim eleven measur commiss open formal state aid investig juli larg number fiscal measur identifi harm code conduct group singl commiss power enforc state aid rule appli interpret select criterion essenti notion state aid mere fact tax regim list harm code conduct necessarili involv state aid point notic proceed commiss embark strategi easili lead unwant consequ competit polici tax measur constitut signific distort competit detriment effect function singl market left intact polit reason commiss refrain tax harmonis measur harm tax system persist challeng commiss respect equal treatment order achiev common level busi taxat european union object commiss resort tax harmonis measur abus power involv point notic confirm differ tax system regul state aid rule address articl ec system address concern harm tax competit reform abolish distinct resid resid compani call ring fenc heart code conduct exercis oecd report harm tax competit select aspect exempt qualifi compani legisl reform appli uniform compani regist gibraltar deliv transpar system compani requir file tax account final financi servic compani gibraltar exempt taxat subject extra top tax profit attribut activ profit base cap taxat compani make profit gener applic constitut materi select simpl fact compani benefit gener rule year compar compani tax jurisdict suffici constitut state aid rule ec treati result contempl point notic region select aris tax applic state region parliament author power reduc rate tax give exempt region select issu aris tax power region give aid sens secondari supplementari power modifi standard residu regim posit member state posit gibraltar situat tax jurisdict give aid relev time genuin autonom tax jurisdict determin tax system independ budgetari respons tax impos tax jurisdict state payabl prejudic gener applic deviat nation norm adopt fulli autonom region contrast region act ad hoc deleg power link central budget constitut state aid gibraltar tax reform respect fundament genuin sui generi autonomi territori autonomi devis independ wholli separ system base unit kingdom scheme norm complet inappropri irrelev compar gibraltar tax rule rule appli tax subject base unit kingdom court instanc cfi recent review commiss decis open formal procedur case fiscal measur adopt pursuant degre region autonomi grant basqu provinc spanish constitut basqu provinc appli fiscal power deviat nation tax system grant tax relief applic rule preliminari conclus tax measur question select constitut illeg state aid commiss reli fact appli part spanish territori cfi specif note case commiss decis open procedur quot effect compet territorio histórico de álava adopt gener tax measur applic region concern quot reform region scope purpos state aid rule fiscal measur question constitut entir exclus corpor tax system appli relev tax jurisdict åland execut comment åland execut summaris decid reform constitut state aid commiss state exist region select account order reach conclus commiss cite previou decis includ decis open formal state aid investig procedur captiv insur compani åland island invit submit comment refer exist region specif refer drop commiss final decis åland case serv region specif select account previou commiss practic refer commiss final decis govern region sole power legisl matter relat direct corpor taxat region introduc tax measur measur assess authoris accord principl appli member state govern region regard separ jurisdict area legisl power li legislatur exclus mean compat tax measur rule state aid judg member state govern region conclus make imposs region govern exercis legisl power differ rest member state tax measur plainli gener govern region regard select constitut state aid purpos articl ec treati region exclus power tax matter irrespect tax charg area member state region belong interpret jeopardis region author tax matter spain spain essenti endors commiss preliminari analysi reform set invit comment addit comment made spain summaris gibraltar tax system extrem import issu spain geograph contigu territori detriment caus spanish public financ unfair competit gibraltar harm present system propos arrang tax burden busi invest lower spain reform continu harm spanish tax system maintain level taxat substanti lower gibraltar spain standard rate corpor tax differ greatli tax system unit kingdom creat risk busi reloc gibraltar order benefit favour tax arrang firm gibraltar pai maximum liabil percentag point lower spain unit kingdom compani liabl top tax util financi servic activ propos tax system fact corpor tax busi profit combin individu tax subject ceil render tax liabil extrem small exist reform refer quot rate tax quot gibraltar compani regard letterbox asset manag compani provid gener profit liabl gbp employe year employe account auditor part time pai maximum gbp year tax occupi properti case introduct registr fee discrimin tax term favour compani gener profit gbp letterbox asset manag compani comparison activ compani gbp clear mainten statu quo favour type compani financi servic sector account gross domest product tax profit financi servic firm constitut genuin corpor tax firm combin liabil payrol tax busi properti occup tax top tax exce profit gbp offshor compani remain scope tax compani physic presenc gibraltar exempt reform leav intact tax situat busi staff premis gibraltar gibraltar region depend aid incent design boost econom develop enjoi enviabl financi health select natur aid concern top tax profit levi compani provid financi servic util specif deriv justifi natur gener scheme system compani sector capit extrem mobil emploi staff basic incur payrol tax liabil cap confer advantag exclus firm cost reduc profit increas relat competitor advoc gener european court justic maintain measur involv competit advantag includ financi advantag quot limit compani invest area member state attribut state question definit scheme fiscal system state understood measur gener natur quot view quot fact measur issu adopt region author exclus compet nation law quot quot matter form quot quot suffici justifi preferenti treatment reserv compani fall scope quot region law state aim plan reform adopt corpor tax scheme involv element state aid exempt scope articl ground tax measur pursu compani law object main effect reform immedi distort competit condit area encourag busi reloc scheme significantli benefit busi locat gibraltar effect rate taxat territori lower exist comparison rate appli unit kingdom establish clear reduct tax burden busi concern region select distort competit affect trade member state technic mechan payrol tax regard harm mean point code conduct addit fact gibraltar tax regim stand creat tax burden significantli lower gener impos unit kingdom reform act disincent substanti econom presenc gibraltar caught criterion tax measur harm set point code conduct unit kingdom honour promis made auspic oecd view remov gibraltar list cooper tax haven gibraltar econom approach harm gibraltar rise economi lack sound foundat unsustain medium long term depriv neighbour region campo de gibraltar potenti develop opportun campo de gibraltar spain develop region gibraltar rel prosper due larg extent underdevelop surround region tax system discriminatori unfair encourag tax evas monei launder tax evas stimul possibl monei launder gibraltar caus harm spain public financ monei launder facilit activ organis crimin gang mention imf report stress mandatori rule combat monei launder gibraltar spanish confeder busi organis spanish confeder busi organis endors commiss preliminari analysi reform set invit comment argu reform harm interest spanish busi addit comment summaris tax burden lower incur busi metropolitan unit kingdom spain total tax liabil gibraltar cap rate taxat unit kingdom spain higher scheme firm gibraltar pai tax cost beneficiari firm bear lower competitor lower level tax gibraltar highli discriminatori undermin competit spanish busi area uk busi vast major busi establish gibraltar small run singl person occupi small premis engag asset manag activ incom gener consist capit gain deriv asset manag basi reform taxat number compani employe surfac area premis tax exempt capit gain firm establish gibraltar pai corpor tax comment unit kingdom parti observ unit kingdom support observ åland execut comment observ spanish govern spanish confeder busi organis unit kingdom repeat cross refer argument made respons open procedur addit comment unit kingdom summaris reform quot damag quot spanish public exchequ underdevelop campo area stem gibraltar fiscal system opposit true region deriv consider amount incom gibraltar employ figur januari show instanc spanish nation lawfulli emploi gibraltar repres approxim gibraltar workforc gibraltar substanti sourc employ incom spanish worker come surround area consider incom campo area gibraltarian spend region spain largest export gibraltar gibraltar wealthi impli object region purpos european region develop fund differ tax rate tax base member state autonom tax region sovereign matter scope articl ec treati purpos state aid rule attack advantag state state resourc specif enterpris lower tax rate applic gener autonom tax territori satisfi materi specif requir constitut state aid competit tax system autonom tax region aris differ tax rate differ method calcul taxabl incom differ method calcul constitut state aid tax system appli genuin discriminatori manner insid autonom tax territori unclear reform substanti harm spanish economi provok reloc busi gibraltar unit kingdom awar spanish compani reloc gibraltar order benefit alleg quot favour tax system quot provid present corpor tax regim eu countri greec ireland eu access countri estonia hungari cypru quot low quot gener corpor tax rate critic system combin tax misconceiv logic reform system employ occup constitut tax base whilst profit constitut lower threshold liabil system simpli abandon taxat profit taxabl event case compani criteria employ occup appli horizont compani sector benefit larger compani smaller compani vice versa drop gbp profit tax limit remov possibl reform benefit larger compani smaller fact registr fee gbp profit make compani gbp activ compani constitut state aid differ registr fee gbp consid de minimi reform correctli quot rate profit tax quot due choic employ occup profit tax base describ quot rate tax quot wrong accur posit essenti element reform gener abolit taxat compani profit save top taxat financi servic util activ replac payrol tax payabl compani top tax financi servic util constitut state aid materi select argu tax qualifi quot advantag quot comparison gener norm purpos definit aid purpos contrari reason claim financi servic sector cover top tax unfound suggest reform repres advantag gibraltarian compani unit kingdom compani incorrect repres misunderstand concept region specif constitut statu gibraltar statu purpos ec treati assum spanish govern intend maintain argument prevent effect decentralis taxat power member state undermin inter alia tax autonomi basqu provinc case quot spanish govern context region specif relev involv situat region concern independ autonomi field relief gener fiscal system grant tax autonomi refer basqu case appli grant tax rebat relat gener spanish tax system gibraltar case autonomi appli creat fundament tax system unit kingdom alleg relat inter alia tax evas monei launder unfound irrelev current state aid procedur make detail rebutt gibraltar observ high standard supervis financi regul public privat sector gibraltar financi servic commiss independ respect bodi view corrobor intern bodi commend gibraltar action combat monei launder gibraltar jurisdict eu implement eu monei launder direct crime basi report financi action task forc fatf publish novemb state quot gibraltar place robust arsen legisl regul administr practic counter monei launder quot quot close complet adher fatf recommend quot imf report octob judg gibraltar compliant establish intern standard financi regul conclud quot supervis gener effect gibraltar rank develop supervisor quot oecd rule gibraltar classifi cooper tax jurisdict vi assess exist aid order consid state aid mean articl ec treati measur satisfi criteria measur afford beneficiari advantag reduc cost bear busi advantag grant state state resourc measur affect competit trade member state final measur specif select favour undertak product good point notic main criterion appli articl ec tax measur quot favour undertak member state except applic tax system common system determin quot reform rais issu materi select region select commiss examin region select aspect question materi select compon reform gibraltar context examin separ paragraph region select decis open formal state aid investig procedur commiss identifi wai reform advantag gibraltar compani compar compani unit kingdom unit kingdom govern gibraltar contest factual basi comparison repeat refin unit kingdom corpor tax regim maximum rate corpor tax compani profit contrast reform maximum rate corpor tax gibraltar compani util compani differ hand unit kingdom corpor tax regim compani taxat regim gibraltar envisag reform hand consequ compani oper unit kingdom tax maximum rate profit compani util compani oper gibraltar tax maximum rate profit addit paragraph type compani escap tax tax rate profit differ tax treatment repres advantag compani util compani establish gibraltar compar compani establish unit kingdom advantag aris compani gibraltar compar unit kingdom differ tax regim commiss note reform capit gain exclud calcul profit contrast capit gain gener chargeabl corpor tax unit kingdom similarli differ capit allow give rise advantag contrast allow capit expenditur plant machineri unit kingdom tax regim allow declin balanc gener applic year allow evid previou paragraph essenc commiss view region select gibraltar tax reform propos provid gener lower level taxat applic unit kingdom differ amount select advantag compani activ gibraltar premis consist point notic state quot hat main criterion appli articl tax measur quot quot favour undertak member state except applic tax system quot point point notic quot commiss decis make practic show measur scope extend entir territori state escap specif criterion laid articl quot quot treati qualifi aid measur intend promot econom develop region quot appli automat equal econom oper liabl tax gibraltar introduc differ treatment favour sector activ case abovement tax reduct quot intend exclus compani situat region member state question constitut advantag compani intend carri similar econom oper area state enjoi quot case abovement tax reduct fact favour firm tax gibraltar comparison firm activ unit kingdom unit kingdom govern gibraltar åland execut disagre view measur select favour quot firm product quot argu distinct drawn case state grant tax benefit limit scope part nation territori case benefit grant infra state region author part territori fall jurisdict select scope limit firm state jurisdict gener measur appli firm jurisdict region author commiss consid element select concept aid base comparison advantag treatment grant firm treatment appli firm refer framework definit framework take ad import case tax measur exist advantag establish relat taxat defin normal theori gener scheme treati concern aid grant state state resourc fundament role central author member state plai defin polit econom environ firm oper measur adopt servic provid possibl financi transfer make framework comparison made economi member state respect text treati classifi measur intend quot promot econom develop quot region articl state aid consid compat benefit scope limit part territori state subject rule aid constitut select benefit clear refer context assess territori select measur territori appli measur benefit firm territori definit gener measur settl practic commiss confirm court justic contrari consist classifi aid tax scheme applic region territori favour comparison gener scheme member state unit kingdom argument benefit limit territori scope gener measur region concern establish region central author appli territori region jurisdict reconcil concept aid concept object cover aid reduc charg born budget firm form purpos justif object statu public author establish budget bear charg distinct base sole bodi decid measur remov effect articl treati seek cover measur concern exclus effect competit commun trade aid treat differ measur object resourc effect trade competit formal criterion degre autonomi infra state author establish abovement conclus mr advoc gener saggio join case quot fact measur issu adopt region author exclus compet nation law matter form suffici justifi preferenti treatment reserv compani fall provinci law case state easili avoid applic part territori provis commun law state aid simpli make intern alloc compet matter rais gener natur territori measur question quot commiss point pure institut criterion differenti quot aid quot quot gener measur quot inevit lead differ treatment applic rule aid member state adopt centralis decentralis model alloc tax compet compet area social secur unit kingdom argument accept member state intern administr organis allow region author state level make gener tax system form tax benefit applic firm oper respect region escap rule region aid relat region measur commiss consid measur complet ident object techniqu effect subject rule contrari equal treatment creat distort function common market exist rule aid region tax benefit base object criteria depend pure institut factor applic time extens tax autonomi favour infra state author broad territori scope techniqu generalis undermin equal appli rule state aid render ineffect commiss approach tax autonomi region author grant benefit consid factor make regard measur aid decis eec recognit quot compet institut basqu provinc condit maintain establish regul tax system territori quot prevent commiss find tax benefit question creat provinc cover articl declar incompat compli rule region sector aid case measur adopt author basqu provinc decid ground materi select issu region select address commun court assess valid decis commiss reli criterion decis comment unit kingdom govern gibraltar territori compet relev subsequ decis tax concess scheme implement autonom tax author commiss take view measur examin constitut aid materi select expressli left open possibl examin territori select recent decis tax advantag grant author azor region commiss conclus measur stake select appli undertak activ region lastli commiss stress class measur aid call question tax autonomi gibraltar result relev constitut arrang practic seek ensur case gibraltar exercis autonomi reduc amount tax levi nation level tax benefit grant compli commun rule region aid applic framework basi equal commun territori prejudic possibl benefit compat common market commiss view abovement tax reduct justifi natur gener scheme tax system econom ration function relat effect system reduct deriv appli principl proportion progress taxat contrari gener favour firm specif region financi situat consid inher tax system unit kingdom govern gibraltar advanc number argument support view fact propos reform gener lower compani taxat gibraltar unit kingdom give rise state aid mean articl ec treati argument examin suggest state aid present state resourc tax foregon gibraltar case tax foregon unit kingdom rate tax activ appli gibraltar argument form measur equal formalist sens advoc gener saggio argument effect alleg aid measur abolish unit kingdom standard normal rate appli comparison tax system devis local meaning purpos state aid result achiev legal techniqu provid explicit derog system appli establish formal separ system appli similar situat select measur establish sole refer quot quot test compar situat result relev measur situat exist quot quot measur contrari compar measur hand measur appli similar situat case compani taxat unit kingdom assess measur state aid rule depend natur measur previous forc note tax system appli gibraltar larg model unit kingdom except advantag grant offshor economi argument gibraltar govern contrast region secondari power reduc nation tax rate independ power entir tax system concern intern compet unit kingdom territori event extent tax autonomi confer territori decis factor element dispos member state imposs establish clear distinct respect lead unequ treatment similar situat result run principl order assess state aid charact measur regard effect unit kingdom state common system refer gibraltar compani subject case measur abolish circular reason absenc common system consequ grant fiscal autonomi exist specif tax jurisdict region result choic made relev member state central govern decid give power establish uniform taxat framework enterpris nation entiti reduc tax rate introduc taxat system advantag result decentralis power derog common system refer de facto provid directli reduct tax rate grant territori possibl reduc common tax rate exempt territori common system grant power establish advantag taxat system result compani region pai lower tax state resourc foregon commiss accept unit kingdom suggest tax jurisdict cover member state prevent adopt tax rate applic tax jurisdict state mention kei state aid analysi tax measur establish common system applic case unit kingdom tax system context note present decis concern mechan local author level region territori introduc levi local tax contrari case point involv reduct applic sole gibraltar event fact fiscal advantag constitut state aid held compat common market argument impos higher rate taxat region automat consequ lower tax rate appli rest state state aid present case follow reason commiss accur case common system appli region definit system constitut state aid derog result higher rate appli region constitut advantag qualifi state aid show remain member state grant fiscal autonomi region necessarili grant state aid compani parallel unit kingdom draw wto agreement subsidi relev legal order european union distinct intern law provid wto agreement regim state aid control singl market stricter rule applic subsidi laid world agreement fact measur consid quot specif subsidi quot agreement subsidi cut scope definit aid articl ec treati consequ term state aid futur decis unit kingdom share sovereignti gibraltar spain argument advanc pure hypothet natur refer situat event dealt specif arrang applic ec law current fact case accord hypothesi put forward unit kingdom relev ascertain exist state aid unit kingdom object comparison made commiss exempt allow gibraltar unit kingdom ground object tax system tax base meaning comparison made contrari unit kingdom assert meaning comparison made set paragraph differ identifi constitut element analysi demonstr compar unit kingdom tax system common system applic undertak gibraltar gener enjoi lower fiscal pressur unit kingdom invok subsidiar principl order argu member state function autonom tax jurisdict compet corpor tax revenu territori suffer signific distort effect competit subsidiar principl ec treati commun task interven constitut arrang member state argument base fals premis signific distort effect effect contain unit kingdom gibraltar spillov member state misunderstand subsidiar principl articl ec treati explicit principl subsidiar appli area fall commun exclus compet control state aid area exclus commiss compet subsidiar principl appli examin propos reform includ question region select state aid investig fiscal measur commiss pursu tax uniform fulfil treati oblig control state aid contrari unit kingdom assert principl member state plead nation law avoid commun law oblig relev issu select establish member state organis purpos taxat matter form plead exist autonom tax region extens power order escap applic rule state aid interfer possibl member state decentralis power issu concern exercis decentralis power member state bodi power devolv ensur commun law includ state aid upheld concret tax power devolv central refer system remain member state ensur reduct tax constitut aid compat common market unit kingdom argu inter alia gibraltar part unit kingdom distinct institut constitut order autonom govern econom suffici commiss accept gibraltar form part unit kingdom domest law purpos distinct institut unit kingdom author retain compet prerog includ power ensur measur adopt gibraltar domest matter conflict unit kingdom oblig ec treati case autonom region fact alter assess measur adopt gibraltar author gibraltar part commun virtu link unit kingdom commun rule appli gibraltar subject except result articl act access unit kingdom member state membership consequ british depend territori citizen acquir citizenship connect gibraltar citizen union citizen compani regist gibraltar enjoi right freedom recognis treati includ freedom provid servic freedom establish free movement capit relev econom activ beneficiari unit kingdom respons ensur respect commun law gibraltar purpos treat part territori gibraltar consid form part unit kingdom purpos rule state aid includ applic articl fiscal measur whilst true ec law appli gibraltar virtu articl ec treati articl fact afford gibraltar special statu purpos applic rule state aid gener region state aid paragraph articl provid provis treati appli differ detect legal regim territori enumer paragraph subject specif express derog explain act access exclud gibraltar applic state aid rule eu law effect gibraltar includ transposit direct establish compet author relev purpos establish reform constitut state aid manner member state effect eu law pure matter intern divis compet state fact measur adopt nation level affect applic articl ec treati final fact budget territori suffici immedi relev assess state aid rule measur adopt author territori assess base effect measur benefit undertak situat grant author small territori gibraltar suffici precis result abil appli lower tax attract busi shore activ event common ground gibraltar depend unit kingdom inter alia foreign polici includ membership european union defenc monetari polici benefit number servic provid unit kingdom addit appear institut arrang place financi respons gibraltar fall resort unit kingdom åland execut comment effect gener tax measur govern region select reli similar argument advanc unit kingdom govern gibraltar commiss refer reason develop paragraph commiss note case åland island captiv insur compani establish materi select measur purpos reach final neg decis measur reli region select commiss conclud provid system corpor taxat enterpris gibraltar tax gener lower rate unit kingdom reform confer select advantag enterpris gibraltar materi select requir make profit incur tax liabil consequ limit combin liabil payrol tax busi properti occup tax profit payrol occup busi properti compani make profit tax effect act exempt unprofit compani constitut advantag reliev compani liabil payrol tax busi properti occup tax born budget exempt payrol busi properti occup tax select appli compani make profit addit enterpris difficulti princip sourc incom deriv capit gain year compani includ enterpris oper cyclic busi environ enterpris initi stage busi compani profit elimin addit payment sharehold employe employe commiss accept unit kingdom argument effect inher quantit limit system exempt unprofit compani appli compani size sector select appar gener defin categori compani benefit exempt tax fact identifi shown commiss accept unit kingdom argument exempt unprofit compani select justifi natur scheme corpor tax system exempt profit compani intrins featur system base taxat profit case tax levi number employe busi properti system conceiv establish basi corpor entiti tax intern logic payrol tax system employe result payrol tax liabil enterpris emploi sens parallel drawn commiss social secur contribut valid fact unit kingdom observ purpos tax measur payrol tax introduc proxi profit tax argument put forward unit kingdom logic payrol tax system unprofit compani liabl tax payrol proxi profit remov ascertain profit overcom difficulti situat gibraltar reform measur compani profit featur rule payrol tax top tax unit kingdom state system base profit labour coher suggest exist hybrid system tax base situat compani circumst imposs detect natur gener scheme system appli justif consid featur system form part gener scheme amount accept automat justif system commiss conclud exempt unprofit compani payrol tax busi properti occup tax oper cap select condit fulfil constitut state aid compani benefit justifi natur gener scheme propos tax system prejudic assess compat measur cap liabil payrol tax busi properti occup tax consequ limit combin liabil payrol tax busi properti occup tax profit profit compani tax liabil exce threshold reliev tax pai excess threshold tax reduct constitut advantag compani benefit reliev charg born budget cap select limit number compani enjoi reduct tax liabil applic unit kingdom gibraltar longer claim enterpris benefit cap limit scope applic payrol tax busi properti tax beneficiari labour intens compani tax year question low profit relat number employe occup busi properti applic pure payrol busi properti tax system impli high level taxat compani commiss note unit kingdom gibraltar argument specif group compani identifi rule gener applic compani gibraltar prevent cap de facto select manner previou paragraph respect refer made point notic unit kingdom gibraltar relev exclud possibl appar gener measur constitut state aid point cover tax incent specif invest measur design reduc taxat labour quot firm quot case cap benefit compani make small profit compar number employe addit cap pure technic measur sens indent point notic whilst convent system corpor tax limit proport profit paid tax set rate tax band system includ top maximum tax rate equival technic measur payrol tax system rate tax employe gibraltar case set uniform rate gbp introduct payrol properti tax system cap link criterion level profit compar applic variabl rate progress system profit taxat justifi natur gener scheme system point notic cap measur pursu gener econom polici object sens indent point notic reduc tax burden relat product cost economi gibraltar benefit limit number undertak cap directli link labour busi properti cost profit compani element extern payrol busi properti tax commiss accept unit kingdom argument cap select justifi natur gener scheme system part intrins system taxat profit labour properti requir limit proport profit compani pai result taxabl factor inher logic system peopl compani emploi properti occupi greater tax liabil argument put forward unit kingdom essenti econom natur relat intern logic propos system unit kingdom suggest gibraltar economi vulner shock creat tax competit compani afford leav larg member state easili move gibraltar commiss note evid adduc support hypothesi true suggest cap part strategi design retain attract mobil capit gibraltar physic constraint territori target financi servic similarli argument regress element requir taxat util occupi monopoli quasi monopoli posit gibraltar market mobil capit target cap suggest regress element labour tax trigger mass layoff instabl time cyclic market fluctuat commiss simpli note inher featur system event gbp employe payrol tax repres small proport unit labour cost incent shed labour order control cost exist similar extent payrol tax commiss note impact cap offshor onshor sector gibraltar economi offshor sector compris exempt compani qualifi compani legisl repeal part reform exempt compani tend physic presenc gibraltar employe premis pai fix tax gbp gbp annum contrast qualifi compani physic presenc gibraltar signific employ negoti rate tax author vast major qualifi compani pai corpor tax rate profit cap limit increas qualifi compani face implement reform contrast onshor economi util rate tax fall current standard corpor tax rate govern gibraltar appear admit reform includ cap design suit tax quot prefer quot sector offshor financi servic industri commiss observ drop origin plan gbp cap tax liabil unit kingdom gibraltar consequ reduc top tax financi servic suggest cap tax liabil intend favour financi servic compani qualifi compani princip sourc employ gibraltar quot financ centr quot commiss conclud circumst present case cap select condit fulfil constitut state aid compani benefit applic justifi natur gener scheme propos tax system prejudic assess compat measur propos applic payrol tax busi properti occup tax gibraltar economi point notic state quot ax measur open econom agent oper member state principl gener measur effect open firm equal access basi de facto reduc scope discretionari power state grant factor restrict practic effect condit restrict power member state decid econom polici spread tax burden fit factor product provid appli distinct firm product good measur constitut state aid tax measur pure technic natur set rate taxat depreci rule rule loss carri over provis prevent doubl taxat tax avoid measur pursu gener econom polici object reduct tax burden relat product cost research develop amp environ train employ quot prejudic consider regard effect reform propos paragraph region select paragraph payrol tax undertak liabl amount fix sum employe year circumst consid select appli absenc gener system taxat compani profit replac system case take account specif featur gibraltar economi exist larg offshor sector fiscal presenc escap taxat payrol properti tax system system formal appli discrimin enterpris de facto benefit current quot exempt compani quot employe gibraltar constitut specif advantag favour undertak real presenc gibraltar consequ incur corpor tax advantag effect open firm equal basi sens sentenc point notic practic effect advantag restrict enterpris addit payrol tax propos gibraltar essenti constitut tax measur pure technic natur sens indent point notic technic adjust gener system concern tax base specif case exempt repres measur pursu gener econom polici sens indent point notic reduc product cost increas labour cost reason appli equal busi properti occup tax appli absenc gener system taxat compani profit replac system undertak liabil tax set rate equival fix percentag liabil gener properti rate measur advantag current quot exempt compani quot physic presenc gibraltar commiss conclud circumst present case take account exist larg offshor economi gibraltar propos system materi select aid addit system target number employe commerci real estat context larg number compani employe real estat enjoi gener charact taxat compani profit aim tax result econom activ consid select circumst present case situat distinguish system payrol tax busi properti tax ad top gener profit tax ensur wide taxat sector economi repres minor aspect taxat enterpris registr fee whilst true spain suggest registr fee provis discrimin favour compani gener incom discrimin sourc state aid unit kingdom point gbp eur differ registr fee class compani fall de minimi threshold eur year period provid relev condit compli differ registr fee de minimi constitut state aid top tax financi servic util activ spain suggest absenc top taxat sector financi servic util confer advantag compani sector commiss share view whilst case state confer benefit identifi group compani prima faci constitut state aid true state creat disadvantag state impos except fiscal burden compani penalti tax state aid demonstr occas advantag identifi busi competitor bear detriment contrari unit kingdom suggest purpos top tax relev establish sourc state aid commiss conclud effect top tax isol creat disadvantag compani affect conclus prejudic consider top tax part system de facto forese taxat rate kind undertak advantag aris sector economi propos tax system tabl set data categori compani gibraltar level liabil tax measur profit result propos reform note case tax liabil compani determin number employe commerci properti combin effect cap top up amount set level taxat measur profit sector economi tax rate number current post reform compani breakdown sector financi servic util compani breakdown incom incom incom compani incom breakdown statu exempt exempt exempt incom breakdown profit make profit profit exempt incom breakdown statu qualifi qualifi util exempt incom breakdown sector financi servic financi servic tabl show defin sector gibraltar economi affect implement reform term taxat commiss acknowledg reform formal distinct offshor onshor economi abolish comparison taxat serv illustr inher select natur tax system propos kind compani subject taxat rate element confirm propos system grant select advantag sector benefit lower rate offshor sector gibraltar subject parallel state aid investig exempt compani qualifi compani respect commiss consid exempt tax gibraltar author grant state aid exempt compani similarli decis adopt dai present commiss establish provid low rate tax compar standard rate corpor tax gibraltar author grant state aid qualifi compani clear tabl implement reform exempt compani financi servic sector continu tax effect rate reason exempt compani tend physic presenc gibraltar employe busi premis gibraltar incur liabil payrol tax busi properti occup tax privileg posit tax preserv reform effect continu grant state aid exempt compani financi servic sector experi imposit tax implement reform tax time privileg posit gibraltar economi larg maintain profit limit tax liabil contrast rest gibraltar economi subject upper limit commiss conclud reform perpetu exist situat exempt compani beneficiari state aid gener system level profit taxat respect sector economi grant select advantag undertak belong sector lower rate appli reason notifi scheme materi select notifi measur entail region materi select number specif featur propos system analysi system advantag grant state state resourc grant tax exempt reduct assess detail paragraph involv loss tax revenu point notic equival state resourc form fiscal expenditur confirm court justic principl appli advantag grant region local bodi member state argument tax revenu foregon unit kingdom tax appli gibraltar discuss advantag grant state state resourc effect trade distort competit gibraltar open market economi compani establish gibraltar group belong activ sector trade member state true sector servic relev provis commun law fulli appli gibraltar court justic repeatedli rule aid grant state strengthen posit undertak vi vi undertak compet intra commun trade regard affect aid purpos recipi undertak export product member state grant aid undertak domest product reason maintain increas result undertak establish member state chanc export product market member state similarli member state grant aid undertak oper servic distribut industri recipi undertak carri busi member state aid effect commun trade case undertak establish close frontier member state small amount aid small size undertak receiv exclud possibl intra commun trade affect extent gibraltar compani oper sector intra commun trade benefit exempt affect trade member state distort threaten distort competit gener remark unit kingdom govern gibraltar spain make observ complianc reform criteria set code conduct intern norm observ govern gibraltar assess measur harm case reform code direct bear evalu state aid purpos articl ec treati equal alleg made spain rebut unit kingdom relat tax evas monei launder unit kingdom point relev state aid investig commiss reject comment govern gibraltar state aid action commiss respect equal treatment specif evid adduc support suggest event investig state aid mean articl ec treati commiss oblig measur sole merit govern gibraltar suggest measur articl ec treati constitut action commiss note point notic read conjunct point refer cours action relat effect gener tax measur member state implicit suggest demand gibraltar treat member state åland execut claim direct taxat measur adopt govern region assess adopt member state basi ec treati claim compat unit kingdom govern gibraltar attempt argu constitut aid reform consid compat common market commiss maintain posit set assess compat open procedur assess repeat refin except articl ec treati appli case reform aim object list provis articl aid measur consid compat common market design promot econom develop area standard live abnorm low underemploy area defin unit kingdom region aid map period approv commiss state aid number gibraltar area provis appli except laid articl reform intend promot execut import project common european interest remedi disturb economi unit kingdom intend promot cultur heritag conserv lastli examin reform qualifi except laid articl state aid facilit develop econom activ econom area aid advers affect trade condit extent contrari common interest consid compat common market element reform identifi give rise advantag reform compar system compani taxat unit kingdom reliev enterpris concern charg born budget normal busi relief link invest job creation constitut oper aid benefit ceas withdrawn constant practic commiss aid consid facilit develop econom activ econom area addit gibraltar includ region aid map unit kingdom vii conclus commiss conclud reform constitut scheme state aid mean articl ec treati derog provid articl articl appli unit kingdom authoris implement reform adopt decis articl propos notifi unit kingdom reform system corpor taxat gibraltar constitut scheme state aid incompat common market propos implement articl decis address unit kingdom great britain northern ireland brussel march commiss mario monti member commiss oj footnot oj approv oecd council oj opinion join case ecr join case ecr ii paragraph publish octob novemb public commit made februari report code conduct group busi taxat ecofin council decemb fisc footnot footnot except recognis court case ecr join case ecr commiss decis februari franc loi orient pour outr mer case germani commiss ecr join case diputación foral de álava commiss fatf offshor group bank supervisor mutual evalu report novemb imf report octob quot gibraltar assess regul supervis financi servic quot paragraph footnot commiss decis eec scheme tax concess invest basqu countri oj opinion mr advoc gener saggio join case ecr case measur adopt central author commiss decis aid creation prioriti outermost region measur improv econom access french oversea territori oj commiss decis decemb aid scheme region aid invest oper aid amend econom tax system canari island oj commiss decis ec februari aid scheme quot invest allow quot germani plan implement undertak länder includ berlin oj commiss decis ec januari tax concess articl german incom tax act einkommensteuergesetz oj court justic deliv judgment septemb case germani commiss ecr case measur grant region author commiss decis eec scheme tax concess invest basqu countri commiss decis ec decemb part scheme adapt nation tax system specif characterist autonom region azor concern reduct rate incom corpor tax oj case itali commiss ecr case intermil commiss ecr case germani commiss ecr cite respect judgment court join case territorio histórico de álava commiss ecr ii paragraph instanc commiss decis ec decemb state aid implement spain ramondín sa ramondín cápsula sa oj join case cite decis ec commiss decis ec decemb state aid scheme implement spain newli establish firm álava spain oj commiss decis ec decemb state aid scheme implement spain newli establish firm vizcaya spain oj commiss decis ec decemb state aid scheme implement spain newli establish firm guipúzcoa spain oj decis ec cite case spain commiss ecr point spain commiss ecr point case commiss unit kingdom judgment januari report point ground point oper part case germani commiss ecr gibraltar govern websit www gibraltar gov gi state quot wage gibraltar broadli line unit kingdom quot averag full time wage unit kingdom gbp sourc earn survei http www statist gov uk pdfdir ne pdf labour cost employ includ cost social secur contribut govern gibraltar press releas januari commiss regul ec de minimi aid oj figur number compani approxim sourc inform suppli unit kingdom gibraltar investig investig exempt qualifi compani case measur propos letter final novemb case case germani commiss ecr point case philip morri commiss ecr belgium commiss ecr join case spain commiss ecr paragraph case itali commiss ecr paragraph conclus meet council econom financ minist oj previou footnot