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Europe Daily Bulletin No. 7748

30 June 2000
Contents Publication in full By article 16 / 39
GENERAL NEWS / (eu) eu/state aid
The European Commission approves a tax reduction scheme to promote investment in madeira

Brussels, 29/06/2000 (Agence Europe) - The European Commission has approved until the end of 2002, a tax reduction scheme to promote investment in the Autonomous Region of Madeira (Portugal) which is one of the European Union's most deprived regions.

The aid will take the form of tax relief available to all firms subject to corporation tax with their registered office, management centre or stable establishment in Madeira and reinvesting all or part of their profits in the region. The tax...

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