Sven Giegold

deferred tax credits

Letter to Commissioner Vestager on free gift to selected banks

The EU Commission is seeking information from Italy, Spain, Greece and Portugal in order to clarify whether the special treatment of deferred tax assets (DTAs) in their banks‘ balance sheets represents a form of hidden State Aid. The value of DTAs relying on future profitability can only be realised if a bank actually generates taxable […]

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