The European Commission’s competition watchdog has launched an in-depth investigation into tax exemptions granted to Italian port authorities.
The move comes a year after the EC launched an initial probe into tax exemptions granted by the governments of Spain and Italy to port authorities.
Last year, the Spanish government amended its tax arrangements for port authorities “to the normal corporate income tax rules, as from 2020”. However, Italy did not follow suit.
Commissioner Margrethe …
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Source: The Loadstar