Press Release: State aid: Commission approves Italian ‘cuneo fiscale’ tax reduction scheme

The European Commission has authorised, under EC Treaty state aid rules, the so-called 'cuneo fiscale', a tax measure adopted by Italy. The scheme offers deductions from the regional tax on all types of business activities (IRAP). The Commission concluded that following certain modifications adopted by the Italian Authorities, 'cuneo fiscale' became a general measure and so does not constitute state aid.