The European Commission has announced a competition investigation into French and Belgian ports. The focus is on whether various corporation tax exemptions given to the ports amount to illegal state aid.
The competition Commissioner Margrethe Vestager said: “Ports play a key role in the EU’s economy. Our competition rules reflect that and allow Member States to support the construction or upgrade of port infrastructure through investment aid. However, tax exemptions shouldn’t distort competition by giving an unfair advantage to some ports over others in Europe.”
Tax Barrister, Accountant