Press Release: State aid: Commission finds Italian tax reductions for companies in areas affected by natural disasters also benefited companies that suffered no damage

After an in-depth investigation, on 14 August 2015 the European Commission found that certain Italian measures reducing company taxes and social security contributions in areas affected by natural disasters also benefited companies that suffered no damage from natural disasters and overcompensated companies beyond the damage suffered.

In 2011, through a request by an Italian court, the Commission was made aware of various measures Italy had introduced between 2002 and 2011. In particular, the measures concerned six natural disasters that occurred in Italy between 1990 and 2009. The Commission opened an in-depth investigation in October 2012 to examine whether these measures were in line with EU state aid rules.

• Primary Source

ESO: Background information: State aid: Commission investigates Italian measures reducing taxes and social contributions in areas affected by natural disasters http://www.europeansources.info/record/press-release-state-aid-commission-investigates-italian-measures-reducing-taxes-and-social-contributions-in-areas-affected-by-natural-disasters/

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