Brussels, 17/03/2004 (Agence Europe) - As we announced (yesterday's EUROPE, p.15), the European Commission has opened an in-depth inquiry into tax incentives granted by Italy to businesses which have recently been floated on the stock exchange, and companies attending conferences abroad. The provisions allow newly-floated companies to enjoy a tax rate of 20% instead of the 33% which is usually applicable in Italy. This reduced tax rate will apply for three financial years following the...