What are the EU rules about State aid?
State aid is defined in the EU’s foundational treaty as any state spending that potentially distorts trade between member states. The measures must be selective (so country-wide tax measures are exempt but specific tax advantages to a subset of businesses are not) and they should benefit the recipient in some way.
What is State aid de minimis scheme?
As small amounts of aid are unlikely to distort competition, a useful approved EU mechanism for State aid is the industrial de minimis regulation which allows small amounts of aid, that is, less than €200,000 over three consecutive fiscal years, to a single undertaking for a wide range of purposes.
What is regional State aid?
Regional aid aims to support economic development in disadvantaged areas of Europe, while ensuring a level playing field between Member States. Member States need to notify their proposal for regional aid maps to the Commission for approval.
What is State aid tax?
State aid law prohibits EU member states from granting aid in a manner that distorts competition and the European internal market. The application of state aid rules to tax law is built upon the concept that a reduced tax burden may constitute an impermissible advantage provided by an EU member state to a beneficiary.
What qualifies for State aid?
State aid is any advantage granted by public authorities through state resources on a selective basis to any organisations that could potentially distort competition and trade in the European Union (EU). It is anything which an undertaking (an organisation engaged in economic activity) could not get on the open market.
Does the EU allow State aid?
State aid in the European Union is the name given to a subsidy or any other aid provided by a government that distorts competitions. Measures which fall within the definition of state aid are considered unlawful unless provided under an exemption or notified by the European Commission.
What is State aid law?
What is state aid? State aid is any advantage granted by public authorities through state resources on a selective basis to any organisations that could potentially distort competition and trade in the European Union (EU). The definition of state aid is very broad because ‘an advantage’ can take many forms.
What is general block exemption regulation?
The General Block Exemption Regulation (GBER) provides State aid cover for categories of aid which are exempt from the European Commission’s (EC) formal notification process.
Why is State aid illegal?
It stated that any aid given to a company by a state within the EU would generally be incompatible with the EU’s Common Market. For example, it would be considered illegal state aid by the EU if a government took over an unprofitable company with the sole intent to keep it running at a loss.
How do I apply for state aid?
The Free Application for Federal Student Aid (FAFSA) is used to apply for most state loan, grant and scholarship programs, in addition to the federal loans and grants. When you submit the FAFSA to the US Department of Education, they forward the information on the form to the state student assistance agency.