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...