BRUSSELS, Sept 16 (Reuters) - EU competition enforcers were
right to say that a series of Belgian tax rulings to
multinationals was an aid scheme, Europe's top court said on
Thursday.
"The Commission correctly found that there was an aid
scheme," the EU Court of Justice said.
Judges referred the case back to the lower tribunal, which
in 2019 annulled the European Commission's 2016 decision
ordering Belgium to recover some 700 million euros ($825.3
million) from more than 30 multinationals including U.S.
manufacturer Magnetrol and BP.
The case is C-337/19 P Commission v Belgium and Magnetrol
International.
($1 = 0.8482 euros)
(Reporting by Foo Yun Chee and Marine Strauss;)