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Tax rulings "contradict national taxation rules and allow GDF Suez to pay less tax than other companies", competition commissionner Vestager said. (Photo: European Parliament)

EU probes French gas firm's Luxembourg tax dealings

The European Commission opened on Monday (19 September) a case over tax rulings granted by Luxembourg to French gas company Engie that it says amount to illegal state aid.

Engie, which was at the time called GDF Suez, is currently owned at 33 percent by the French state.

The tax rulings the commission is investigating were first issued in 2008 and allowed two GDF Suez companies to lend money to two other GDF companies, with the four entities avoiding taxes due in normal cases.

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Tax rulings "contradict national taxation rules and allow GDF Suez to pay less tax than other companies", competition commissionner Vestager said. (Photo: European Parliament)

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