Brussels, 04/10/2000 (Agence Europe) - The European Commission has initiated a formal investigation into a package of tax measures in favour of Italian banks and banking foundations, introduced by the law No. 461/98 and decree No. 153/99 and which could amount to State aid. This new legislation enables banks engaged in merger or restructuring operations to benefit, for five years, from a 12.5% reduction in company tax on revenue deposited in a special reserve, and that from the date of the...