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Europe Daily Bulletin No. 8849

16 December 2004
Contents Publication in full By article 20 / 43
GENERAL NEWS / (eu) state aid
Investigation into French tax regime of "tax GIEs"

Brussels, 15/12/2004 (Agence Europe) - The tax rules applicable to tax economic interest groups (GIEs) in France may constitute incompatible State aid, says the Commission, which has opened a formal inquiry procedure. The mechanism in question was set up for certain funding operations, which relate to the acquisition, at market price, of a good to be paid for in instalments over a period of eight years. In practice, the GIE, which is made up of financial establishments, acquires the good and...

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