Brussels, 15/03/2000 (Agence Europe) - The European Commission has approved a tax breaks scheme for investments in the autonomous Portuguese region of Madeira. This scheme is intended for the modernisation of companies and job creation in the region (it is among the less well-of regions of the European Union) and will take effect until end-2010.
Aid will take the form of an income tax credit and be granted on a contractual basis for periods of up to 10 years. It will be granted to companies...