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Europe Daily Bulletin No. 9203

2 June 2006
Contents Publication in full By article 25 / 36
GENERAL NEWS / (eu) eu/state aid
Commission welcomes phasing out of Spain's tax incentives for investment abroad

Brussels, 01/06/2006 (Agence Europe) - The European Commission has welcomed the Spanish government's official acceptance that, between January 2007 and the end of 2010, it will gradually abolish the tax advantages granted to Spanish companies investing abroad. Spain's acceptance renders the abolition of the incentives legally binding under EC Treaty State aid rules and will put an end to a system of operating aid that has long existed in Spain. The scheme offers Spanish companies which...

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