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Image header Agence Europe
Europe Daily Bulletin No. 7833
Contents Publication in full By article 19 / 60
GENERAL NEWS / (eu) eu/state aid

European Commission opens investigation procedure against fiscal aid systems of three Basque provinces

Brussels, 31/10/2000 (Agence Europe) - The European Commission decided to open a formal investigation procedure against three tax exemption systems in the Basque provinces of Alava, Guipuzcoa and Vizcaya (Spain). These systems, said "tax holiday", translate into a tax exemption for companies over ten consecutive fiscal years for new companies created up to 31 December 1994 Several push, according to the Commission, for the banning of these aids. They are illegal (and thus should be...

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