Spain fined for delays in recovering illegal grants

The Court of Justice of the European Union (TJUE) has imposed a fine of €30 million on Spain for failing to recover illegal tax concessions within the period specified.

The tax concessions, granted under six schemes in Alava, Guipúzcoa and Vizcaya and valued at around €500 million, were declared illegal by the European Commission in 2001.

Spain has recovered 100% of the illegal grants, but the majority were out of time and with delays of up to twelve years.

The Advocate General had proposed a fine of €50 million.

Yet another absolute waste of taxpayer money.

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