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Europe Daily Bulletin No. 8283

26 August 2002
Contents Publication in full By article 12 / 26
GENERAL NEWS / (eu) eu/state aid
Commission declares Biscaye tax system is illegal

Brussels, 26/08/2002 (Agence Europe) - The European Commission has declared the special tax system enjoyed by coordination centres located in the Spanish province of Biscaye (Basque country) illegal. The centres provide banking, marketing, insurance, logistics and other services to the companies of the international group to which they belong. In July, the Commission had opened a large scale investigation against eleven corporate taxation systems in eight Member States, including the...

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