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Europe Daily Bulletin No. 8110

12 December 2001
Contents Publication in full By article 20 / 30
GENERAL NEWS / (eu) eu/state aid
Tax advantages granted to Italian banks are incompatible with Community State aid rules

Brussels, 11/12/2001 (Agence Europe) - On Tuesday, the European Commission decided that tax measures for banks introduced by an Italian law of December 1998 and the related Legislative Decree of 17 May 1999 are incompatible with the Community State aid rules. The tax advantages in question concern merger and restructuring operations carried out between 1998 and 2004. The Commission considers that the banks taking part in such operations benefited from discriminatory competitive advantages....

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