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Europe Daily Bulletin No. 9022

8 September 2005
Contents Publication in full By article 22 / 39
GENERAL NEWS / (eu) eu/state aid
Commission opposes Italian tax breaks for certain investment vehicles

Brussels, 07/09/2005 (Agence Europe) - The European Commission has decided that an Italian tax scheme for certain investment vehicles violates EU Treaty State aid rules (Article 87). The scheme reduces the nominal tax rate on the earnings accruing to certain collective investment vehicles specialised in holding stocks of small and medium capitalised companies (small caps, with capitalisation of less than EUR 800 mil) listed on regulated EU stock exchanges from 12.5 to 5%. With its 2004...

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