Brussels, 10/07/2002 (Agence Europe) - The European Commission felt that the preferential tax scheme for captive insurance companies in the Åland islands (Finland) was not compatible with European rules on State Aid. The formal investigation procedure was initiated on 11 July 2001, at the same time as ten other procedures concerning special taxation arrangements for companies in several Member States (see EUROPE 12 July 2001 p 11). The Commission concluded that the system in the Åland...