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State aid in the European Union is the name given to a subsidy or any other aid provided by a government that distorts competition. Under European Union competition law, the term has a legal meaning, being any measure that demonstrates any of the characteristics in Article 107 of the Treaty on the Functioning of the European Union, in that if it distorts competition or the free market, it is ...
Under U.S. tax rules, the de minimis rule governs the treatment of small amounts of market discount. Under the rule, if a bond is purchased with a small amount of market discount (an amount less than 0.25% of the face value of a bond times the number of complete years between the bond's acquisition date and its maturity date) the market discount is considered to be zero and the discount on the ...
To provide state aid under such a guideline, EU member states require the consent of the European Commission, unless the aid falls under a minimum threshold ('de minimis'). [ 6 ] [ 7 ] [ 8 ] The three other members of the European Economic Area (Iceland, Liechtenstein, Norway) request the exemption from the EFTA Surveillance Authority .
The EU executive relaxed its state aid rules in March last year after thousands of companies were hit by the war in Ukraine, saying the easier regime would end in December this year. Ea.
Internal Revenue Code Section 132(a) provides eight types of fringe benefits that are excluded from gross income.These include fringe benefits which qualify as a (1) no-additional-cost service, (2) qualified employee discount, (3) working condition fringe, (4) de minimis fringe, (5) qualified transportation fringe, (6) qualified moving expense reimbursement, (7) qualified retirement planning ...
RICHMOND – A bill codifying the process for the state to step in and help localities relieve fiscal stress is now heading to the Senate floor after passing its last committee hurdle Wednesday ...
Overall, state aid to districts in Ocean County will decline nearly 6.7% in the 2024-25 school year from the current year. In Monmouth County, state aid will drop about 2.9%.
Party subsidies or public funding of political parties are subsidies paid by the government directly to a political party to fund some or all of its political activities. Most democracies (in one way or the other) provide cash grants (state aid) from taxpayers' money, the general revenue fund, for party activity.