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Image header Agence Europe
Europe Daily Bulletin No. 11794
ECONOMY - FINANCE - BUSINESS / Competition

Two cases of state aid providing for tax cuts to support co-generation and renewable energies are valid

On Tuesday 23 May, the European Commission decided that two cases of state aid, in Italy and Germany respectively, consisting of a tax reduction aiming to support co-generation, were compatible with EU state aid rules.

Germany and Italy planned to reduce tax by a maximum of 85% with the aim of supporting co-generation (Germany and Italy) and renewable energies (Italy) for energy-intensive companies faced with international competition.

Under the 2014 guidelines on state aid in favour of...

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