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Europe Daily Bulletin No. 9457

29 June 2007
Contents Publication in full By article 23 / 44
GENERAL NEWS / (eu) eu/eu/state aid
Commission seeks information from Madrid on recovery of incompatible aid granted to Basque companies

Brussels, 28/06/2007 (Agence Europe) - The European Commission has formally requested Spain to provide information concerning measures taken to implement a 14 December 2006 Court of Justice ruling condemning Spain to recover illegal and incompatible fiscal aid granted to Basque companies in the 1990s. This aid consisted of a tax credit amounting to 45% of investments (“crédito fiscal”) and a tax exemption for newly established firms (“minivacaciones fiscales”). Since the Court...

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