The EU Commission opens an investigation into special tax credits granted by the Spanish government in favor of publicly owned shipyards

Tilmans, Madeleine

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20 Jan 1999

The EU Commission opens an investigation into special tax credits granted by the Spanish government in favor of publicly owned shipyards

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Reference

EU Commission, Special tax credits to the state-owned merchant shipbuilding yards, 20 January 1999

"Spain. - The Commission opened the 88 § 2 EC procedure into special tax credits in favour of the publicly owned shipyards"* On 20 January 1999 the Commission decided to open an investigation procedure into special tax credits of 18.45 billion pesetas (approx € 111 million) paid in 1998 to the state-owned merchant shipbuilding yards in Spain. The Commission had doubts whether these special tax credits were compatible with a 1997 decision approving

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Author

Madeleine Tilmans
European Commission - DG COMP (Brussels)

Belgium 52 contributions 9633 visits

Quotation

Madeleine Tilmans, The EU Commission opens an investigation into special tax credits granted by the Spanish government in favor of publicly owned shipyards, 20 January 1999, e-Competitions January 1999, Art. N° 39323

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