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16 Dec
14:39

European Commission prepares to act on IRA-led competition

The European Commission (EC) is said to be canvassing member countries on the need to loosen state aids rules to counter the potential impact the US’s IRA is having on investment in the bloc. Reuters reported the EC is seeking evidence that businesses are shifting or may be tempted to shifting investment to the US thanks to the incentives and tax credits offered on the other side of the Atlantic. It cited an internal document sent by competition regulators t…
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