On Friday 6 July, the European Commission opened an in-depth investigation into tax exemptions granted to companies in the free zone of Madeira. This aid regime may have been applied in a way that was not consistent with the Commission's decisions of 2007 and 2013 concerning the said regime.
The decision was made following a preliminary examination of the application of the tax aid regime carried out by the Commission in the framework of the standard control. Further to this examination, the...