he European Commission has concluded that Ireland granted undue tax benefits of up to €13 billion to Apple. This is illegal under EU state aid rules, because it allowed Apple to pay substantially less tax than other businesses. Ireland must now recover the illegal aid. Commissioner Margrethe Vestager, in charge of
Tag: State aid
Commission adapts crisis rules for banks
The European Commission has adapted its temporary state aid rules for assessing public support to financial institutions during the crisis. The main changes are aimed at improving the restructuring process and the level playing field between banks. In particular, banks will be required to work out a sound plan for
Commission consults on new state aid rules for airports and airlines
The European Commission is inviting comments on its review of EU state aid rules on the public financing of airports and start-up aid to airlines. During the last ten years, the market environment of the aviation industry has changed considerably. The Commission proposal takes account of this evolution and provides