Barcelona Suffers Setback in Tax Clash With European Union

<-bsp-bb-link state="{"bbHref":"bbg://securities/1092Z%20SM%20Equity","_id":"00000175-2b46-d164-adff-3b76d4870000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Futbol Club Barcelona suffered a setback in a clash with the <-bsp-bb-link state="{"bbHref":"bbg://securities/345300Z%20BB%20Equity","_id":"00000175-2b46-d164-adff-3b76d4870001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">European Union over allegedly unfair <-bsp-bb-link state="{"bbDocId":"MXYHYB6K50YH","_id":"00000175-2b46-d164-adff-3b76d4870002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">tax breaks in an opinion by an adviser to the bloc’s top court.

Advocate General Giovanni Pitruzzella of the EU Court of Justice advised that lower court judges should re-examine an earlier victory for the soccer giant, according to a non-binding opinion on Thursday.

<-bsp-bb-link state="{"bbDocId":"PRWFMISYF01S","_id":"00000175-2b46-d164-adff-3b76d4880000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Real Madrid Wins Fight Over $20.5 Million EU State-Aid Order

The case is: C-362/19 P, Commission v. Futbol Club Barcelona.

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<-bsp-person state="{"_id":"00000175-2b46-d164-adff-3b76d48b0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Stephanie Bodoni in Luxembourg at sbodoni@bloomberg.net

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