ICELAND AID
August 1st, 2005
BY KEITH NUTHALLTHE EUROPEAN Free Trade Area (EFTA) has set ceilings on the amount of money that Iceland aluminium smelter Norðurál hf (NOTE TO SUBS - NAME INCLUDES BIZARRE ICELANDIC LETTER - THIS IS NOT A CORRUPTION) can save from 10 tax and fee concessions offered by the Icelandic government. These were actually approved by the EFTA Surveillance Authority (which acts like the European Commission does for European Union countries) in 1998, but a review of the agreement has led to the imposition of new conditions. An EFTA official told Metal Bulletin that the ...
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