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Europe Daily Bulletin No. 8666

16 March 2004
Contents Publication in full By article 26 / 48
GENERAL NEWS / (eu) eu/state aid
Commission prepares to look into tax breaks enjoyed by certain Italian companies

Brussels, 15/03/2004 (Agence Europe) - The European Commission is preparing to open an inquiry into tax breaks enjoyed by certain Italian companies, according to a source close to the dossier. The companies in question are, firstly, companies which floated on the stock exchange between 2 October 2003 and 31 December 2004, who are allowed to reduced the rate of tax on profits to 20%, compared to 33% normally. However, this reduction applies only to companies which have increased their capital...

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