TRIESTE CENTRE
March 1st, 2002
BY KEITH NUTHALLA TAX break approved by the European Commission in 1995 benefiting Italy-based insurance companies operating in eastern Europe is likely to be withdrawn, following the launch of a state aid inquiry by Brussels which is expected to criticise the scheme.It involves companies working through the Trieste Financial Services and Insurance Centre, on the Italian-Slovenian border and allowed companies to benefit from a reduction in tax on legal persons, when they were providing services in former communist states in eastern Europe.In a statement, the ...
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