European Commission Proposes Regulation to Address Distortions Caused by Foreign Subsidies
The European Commission has announced a proposal for a regulation to address distortions in the internal (EU) market caused by foreign subsidies. For the purpose of the regulation, foreign subsidies may include, for example, interest-free loans, unlimited guarantees, capital injections, preferential tax treatment, tax credits, and direct grants.
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The Proposed Regulation
Scope
Under t…
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