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Image header Agence Europe
Europe Daily Bulletin No. 10945
Contents Publication in full By article 30 / 45
ECONOMY - FINANCE - BUSINESS / (ae) state aid

Frucona Kosice must pay its tax debt

Brussels, 16/10/2013 (Agence Europe) - On 16 October, the European Commission adopted a new decision confirming that a Slovak SKK416.5 million (€11 million) write-off of tax debt in 2004 in favour of Frucona Košice, a.s., a producer of spirit and spirit-based beverages, was incompatible with EU state aid rules. The non-payment of taxes that its competitors had to bear has given Frucona Košice an undue economic advantage. In order to redress the distortion of competition caused by the...

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