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Image header Agence Europe
Europe Daily Bulletin No. 8004
Contents Publication in full By article 12 / 43
GENERAL NEWS / (eu) eu/state aid

Commission bans six tax aid schemes in Basque Provinces and one scheme in Navarre

Brussels, 11/07/2001 (Agence Europe) - The European Commission has decided to terminate by negative decisions its investigation of six tax aid schemes in the Basque Provinces and one scheme in Navarre. The examination opened in July 1999. Three schemes concern tax aid granted in the form of a tax credit of 45% of the amount of investment exceeding EUR 15 million (2.5 billion pesetas) in Alava, Guipúzcoa and Vizcaya. According to the Commission, the tax credit granted had the character of...

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