The December issue of Forum Fiscal de Bizkaia contains an analysis by Iñaki Alonso Arce, Subdirector for Co-ordination & Technical Assistance of the Provincial Treasury of Bizkaia under the title La ejecución de la Decisión de la Comisión sobre crédito fiscal del 45% de las inversiones, on the criteria applied by the Foral Deputation of Bizkaia to calculate the amounts to be recovered under the 45% tax holidays for investments, which have been regarded as state aid incompatible with the Common Market, focusing especially on the so-called “incentive effect”.

Go to Academia Doctrine