In the last year there have been several high profile fiscal state aid cases. Recent cases in the Netherlands and Luxembourg have been widely publicised and more investigations into tax rulings have been announced. Most recently the Belgian “excess profit” scheme was announced to be considered illegal state aid.
In this article we focus on what these cases imply in an M&A context - in particular, we consider how will due diligence exercises and SPA negotiations could be affected.
Read the full article in the M&A Matters Spring edition PDF to hear more on:
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Partner, KPMG in the UK
Manager, KPMG in the UK