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Europe Daily Bulletin No. 7834

3 November 2000
Contents Publication in full By article 14 / 59
GENERAL NEWS / (eu) eu/state aid
Commission takes negative decision on tax credits that three Spanish provinces grant to companies for investments abroad, and initiates proceedings against similar French law

Brussels, 02/11/2000 (Agence Europe) - On closing its investigation, the European Commission has decided that tax credits for foreign investments provided for by Spanish law on corporate tax are incompatible with the code of aid to the steel industry (ECSC). At the request of rivals of Spanish steel firms, the Commission initiated a formal investigation on 7 August 1997 on tax credits provided for by Article 34 of the Spanish law on corporate tax, implemented in a similar manner in the...

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