09/03/2022 (Agence Europe) – On Wednesday 9 March, the European Commission authorised a French tax aid scheme aimed at stimulating productive investments as well as investments in the housing sector in Saint Martin. The €20 million aid will be applicable until the end of 2025 and will be open to all companies subject to corporation tax, regardless of their size and sector of activity. The measure will take the form of a 35% reduction in the corporation tax rate to encourage companies to invest in projects to support the transformation and economic development of the outermost region. In addition, the Commission has authorised the Italian support of €1.4 million to facilitate the restructuring of small and medium-sized enterprises in the Italian region of Valle d’Aosta (in force until the end of 2026). (LC)