Italy Challenges European Commission Decision that Tax Exemptions for Ports Violates State Aid Rules

Italy has formally challenged the European Commission decision issued in December 2020 finding that profits earned by port authorities from economic activities must be taxed under normal national corporate tax laws to avoid distortions of competition. As a result of the decision, Italy was required to adapt its legislation in order to ensure that ports would pay corporate tax on profits from economic activities in the same way as other companies in Italy, in line with EU State aid rules. Ita…