European Commission extends probe into Gibraltar's corporate tax regime

BRUSSELS (Reuters) - The European Commission has extended the scope of its investigation into whether Gibraltar's corporate tax regime favors certain companies, in breach of EU state aid rules. The EU executive will examine a practice which allows companies to ask for advance confirmation of whether certain income is subject to tax in the British colony, it said on Wednesday. Gibraltar is part of the EU through its ties to United Kingdom, although it is excluded from certain policy areas. ... Read More http://ift.tt/1thiB68