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tax deductible aquistions in spain

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johnsealey | 10:06 Tue 11th Nov 2008 | Business & Finance
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BAA was purchased by Ferrovial assisted by a deduction of part of the purchase price against spanish taxes.
This practice is supposedly against Common Market legislation and the Spanish Government agreed to phase out this benefit enjoyed by Spanish Companies.
Has this in fact happened or has part of Santanders aquisition of british banking assets been funded by tax deductions in Spain?
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