State Aid and Tax Lease Regimes in the Shipbuilding Industry:Lessons Learned from a Spanish Case

This article examines the recent Commission decision on Spanish State aid in relation to tax lease arrangements as a means of exploring how negative legal and economic consequences can be avoided and how the current lack of certainty can be resolved. Further, the author comments on the Spanish tax regime from the perspective of the challenges of 2020 and identifies certain concerns in respect of the current EU State aid regulation and guidelines.