The EU Commission issues a negative decision on an Italian State aid scheme providing business tax incentives in favor of newly listed companies on regulated stock exchanges in the Union

Rossi, Pierpaolo

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16 Mar 2005

The EU Commission issues a negative decision on an Italian State aid scheme providing business tax incentives in favor of newly listed companies on regulated stock exchanges in the Union

KEYWORDS

Reference

EU Commission, On aid scheme implemented by Italy in favour of newly listed companies, C 8/2004 (ex NN 164/2003), 16 March 2005

"The Italian tax premium in favour of newly listed companies and the notion of selectivity relative to direct business taxation"*Background A recent negative decision by the Commission of 16 March 2005 [1] on an Italian State aid scheme providing generous business tax incentives in favour of companies going listed on regulated stock exchanges in the EU offers some interesting insights into the Commission's process to distinguish between State aids and legitimate tax preferences. It is known that the exact distinction between State aids and derogatory taxation is controversial. The Commission notice on the application of State aid rules to measures relating to direct business taxation [2] prepared the ground for an expansive role for the Commission to review Member States' proposed

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Author

Pierpaolo Rossi
European Commission - Legal Service (Brussels)

Belgium 4 contributions 2026 visits

Quotation

Pierpaolo Rossi, The EU Commission issues a negative decision on an Italian State aid scheme providing business tax incentives in favor of newly listed companies on regulated stock exchanges in the Union, 16 March 2005, e-Competitions Tax rulings, Art. N° 37298

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