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Europe Daily Bulletin No. 8097

23 November 2001
Contents Publication in full By article 30 / 47
GENERAL NEWS / (eu) eu/state aid
Aid to French companies abroad is incompatible with ECSC Treaty, says Commission

Brussels, 22/11/2001 (Agence Europe) - After its inquiry, conducted in conformity with the provisions of the Steel Aid Code, the European Commission decided that the French tax aid scheme in the form of tax exemptions for setting up branches abroad is incompatible with the European regulations. France argued in its defence that this was a general measure set out in the French General Tax Code. According to Articles 39, octies A and D, a firm may temporarily deduct from its tax base, in the...

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