The EU Commission requests phasing out of Spain’s export-related tax incentives

"Commission requests phasing out of Spain’s export related tax incentives"* On 22 March 2006 the Commission proposed, pursuant to Article 88(1) of the Treaty, appropriate measures to Spain with a view to abolishing the tax incentives in favour of Spanish companies investing abroad. Spain was invited to gradually eliminate the incentives by the end of 2010 at the latest. The acceptance of the proposed measures rendered the abolition of the tax incentives legally binding for Spain. Background In October 2000, the Commission took a final negative decision under the ECSC Treaty on Spain’s corporate tax incentive on the grounds that it constituted State aid favouring outward foreign direct investments related to the export of steel products from Spain [1]. The scheme was foreseen by

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Authors

  • Attela (Tallinn)
  • European Commission - Legal Service (Brussels)

Quotation

Marek Herm, Pierpaolo Rossi, The EU Commission requests phasing out of Spain’s export-related tax incentives, 22 March 2006, e-Competitions March 2006, Art. N° 36565

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