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Image header Agence Europe
Europe Daily Bulletin No. 11372
ECONOMY - FINANCE / (ae) state aid

Commission says some Italian tax reductions were ill-adapted

Brussels, 21/08/2015 (Agence Europe) - On 14 August, the European Commission announced that following an in-depth investigation, it has found that certain Italian measures reducing company taxes and social security contributions in areas affected by natural disasters also benefitted companies that suffered no damage from natural disasters and overcompensated companies beyond the damage suffered.

In 2011, through a request by an Italian court, the Commission was made aware of various...