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Spain Must Pay $41M Over Basque Tax Scheme, EU Court Says

By Ama Sarfo ( May 14, 2014, 1:53 PM EDT) -- Europe's highest court slapped Spain with a €30 million ($41 million) fine Tuesday for repeatedly failing to recover tax credits and other investment aids that Basque provinces improperly gave to regional investors in the 1990s, saying the incentives gutted competition in the area....

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