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Europe Daily Bulletin No. 8911
Contents Publication in full By article 26 / 40
GENERAL NEWS / (eu) eu/state aid

Commission demands repayment of Italian state aid awarded to companies quoted on stock exchange for first time in 2004

Brussels, 17/03/2005 (Agence Europe) - On Wednesday the Commission decided that the Italian tax system granting a reduction of taxes to companies quoted on the stock market for the first time in 2004, constituted illegal state aid and has demanded that it be repaid. Introduced without the prior consent of the Commission, these measures were valued at EUR 56 million for the Italian budget last year. Neelie Kroes European Commissioner for Competition declared that, “Commission action will...

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A LOOK BEHIND THE NEWS
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(EU) EU/STATE AID: Commission demands repayment of Italian state aid awarded to companies quoted on stock exchange for first time in 2004
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€ VALUE IN DIFFERENT CURRENCIES ON 17/03/2005: