natgillin/translations-raw huggingface dataset:
The Italian authorities have not explicitly challenged the Commission's assessment set out in its letter of 11 May 2004 instituting the formal investigation, namely that none of the derogations provided for in Article 87(2) and (3) of the Treaty and pursuant to which state aid may be considered compatible with the common market is applicable in the present case, and the Commission has not become aware of any other elements that invalidate this conclusion.
Italijanski organi niso izrecno spodbijali presoje Komisije iz dopisa z dne 11. maja 2004, ki sproža formalno preiskavo, namreč da odstopanja iz člena 87(2) in (3) Pogodbe, v skladu s katerim lahko državna pomoč šteje kot združljiva s skupnim trgom, v tem primeru ne veljajo, in Komisija ni izvedela za kakršne koli druge elemente, ki razveljavljajo ta sklep.
The advantages in question are either unrelated to any expenses or linked to expenses ineligible for aid under existing Community guidelines or block exemptions.
Zadevne ugodnosti so bodisi nepovezane s kakršnimi koli stroški bodisi povezane s stroški, neupravičenimi do pomoči v skladu z obstoječimi smernicami Skupnosti ali uredbami o skupinskih izjemah.
The derogations in Article 87(2) of the Treaty, which concern aid having a social character that is granted to individual consumers, aid to make good the damage caused by natural disasters or exceptional occurrences and aid granted to the economy of certain areas of the Federal Republic of Germany, do not apply in this case.
Odstopanja iz člena 87(2) Pogodbe, ki zadevajo pomoč socialnega značaja, dodeljeno posameznim potrošnikom, pomoč za povrnitev škode, ki so jo povzročile naravne nesreče ali izjemni dogodki, in pomoč, dodeljeno gospodarstvu nekaterih območij Zvezne republike Nemčije, v tem primeru ne veljajo.
Nor does the derogation in Article 87(3)(a) of the Treaty, which provides for the authorisation of aid to promote the economic development of areas where the standard of living is abnormally low or where there is serious underemployment, because the measure in question applies to Italian territory as a whole and not only to assisted regions in Italy within the meaning of Article 87(3)(a).
Odstopanje iz člena 87(3)(a) Pogodbe, ki določa dovolitev pomoči za pospeševanje gospodarskega razvoja območij, kjer je življenjska raven izjemno nizka ali kjer je podzaposlenost velika, saj zadevni ukrep velja za celotno italijansko ozemlje in ne samo za območja, ki prejemajo pomoč v Italiji v smislu člena 87(3)(a).
Lastly, the scheme does not seem to contribute in any way to the development of the said regions.
Nazadnje program nikakor ne prispeva k razvoju omenjenih območij.
In the same way, the regime cannot be considered to be aid to promote the execution of an important project of common European interest or to remedy a serious disturbance in the economy of Italy, as provided for in Article 87(3)(b) of the Treaty.
Na enak način program ne more šteti kot pomoč za pospeševanje izvedbe pomembnega projekta skupnega evropskega interesa ali za odpravljanje resne motnje v gospodarstvu Italije, kot je določeno s členom 87(3)(b) Pogodbe.
Nor does it have as its object the promotion of culture and heritage conservation, as provided for in Article 87(3)(d) of the Treaty.
Prav tako si za cilj ne zastavlja pospeševanja kulture in ohranjanja kulturne dediščine, kot je določeno s členom 87(3)(d) Pogodbe.
Lastly, the measures in question must be examined in the light of Article 87(3)(c) of the Treaty, which stipulates that aid to facilitate the development of certain economic activities or of certain economic areas, where such aid does not adversely affect trading conditions to an extent contrary to the common interest is admissible.
Nazadnje je treba proučiti zadevne ukrepe na podlagi člena 87(3)(c) Pogodbe, ki določa, da je pomoč za pospeševanje razvoja določenih gospodarskih dejavnosti ali določenih gospodarskih območij, kadar takšna pomoč ne spreminja trgovinskih pogojev v obsegu, ki bi bil v nasprotju s skupnimi interesi, dopustna.
The tax advantages granted by the measure are not related or proportionate to specific investments, to job creation or to specific projects which would facilitate the development of certain economic activities or certain areas within the meaning of Article 87(3)(c) of the Treaty.
Davčne ugodnosti, dodeljene z ukrepom, niso povezane ali sorazmerne s specifičnimi naložbami, z odpiranjem delovnih mest ali posebnimi projekti, ki bi pospeševali razvoj določenih gospodarskih dejavnosti ali določenih območij v smislu člena 87(3)(c) Pogodbe.
They cannot be declared compatible with the common market in accordance with the criteria laid down in the Commission Communication on state aid and risk capital because the investments benefiting from them are targeted at companies listed on a regulated European market and the Italian authorities have not shown that those companies do not enjoy proper access to equity finance and face higher costs than other companies when it comes to raising capital.
Ne morejo se razglasiti za združljive s skupnim trgom v skladu z merili, določenimi v Sporočilu Komisije o državni pomoči in tveganem kapitalu, saj so naložbe, ki imajo koristi zaradi njih, usmerjene v družbe na organiziranem evropskem trgu in italijanski organi niso ugotovili, da te družbe nimajo ustreznega dostopa do lastniškega financiranja in se pri zbiranju kapitala spopadajo z višjimi stroški kot druga podjetja.
The Commission would finally point out that, as stated by the Court with respect to another aid measure favouring specific investments, ‘there was nothing to prevent the scheme from being applied to undertakings in difficulties or operating in sensitive industries for which specific State aid rules have been laid down’.
Na koncu Komisija poudarja, da, kot je Sodišče določilo glede drugega ukrepa pomoči, daje prednost specifičnim naložbam, „ni bilo ničesar, kar bi lahko preprečilo uporabo programa za podjetja, ki so v težavah ali ki poslujejo v občutljivih industrijah, za katera so“ bili določeni posebni predpisi na področju državnih pomoči.
It concludes that the advantages granted under the scheme reduce charges that should normally be borne by the beneficiaries in the course of their economic activities and must therefore be considered as operating aid, which, in accordance with practice and case law, is incompatible with the common market.
Komisija zaključuje, da ugodnosti, podeljene s programom, zmanjšujejo dajatve, ki jih običajno krijejo upravičenci med svojo gospodarsko dejavnostjo, in jih je zato treba obravnavati kot državno pomoč za tekoče poslovanje, ki v skladu z ustaljeno sodno prakso ni združljiva s skupnim trgom.
The Commission concludes that the tax reliefs granted under this measure constitute a scheme of operating aid not covered by any of the derogations from the general prohibition of such aid and that the measure is therefore incompatible with the common market.
Komisija zaključuje, da davčne oprostitve, dodeljene s tem ukrepom, predstavljajo program državne pomoči za tekoče poslovanje, ki ga ne pokrivajo odstopanja od splošne prepovedi takšne pomoči, in da je torej ukrep nezdružljiv s skupnim trgom.
It also finds that Italy has unlawfully implemented the measure.
Komisija ugotavlja tudi, da je Italija zadevni ukrep izvajala nezakonito.
Where state aid is found to have been granted unlawfully and to be incompatible with the common market, the natural consequence is that the aid should be recovered in order to restore as far as possible the competitive position that existed before the aid was granted.
Kadar se ugotovi, da je bila državna pomoč dodeljena nezakonito in da je nezdružljiva s skupnim trgom, je naravna posledica vračanje pomoči, in sicer zato, če je to mogoče, da se ponovno vzpostavi konkurenčni položaj, ki je obstajal pred dodelitvijo pomoči.
This decision concerns the scheme in question as such and must be immediately implemented, including recovery of the aid granted under the scheme pursuant to Article 14 of Procedural Regulation No 659/1999.
Ta odločba velja za zadevni program kot takšen in mora biti nemudoma izvedena, vključno s povračilom pomoči, dodeljene s programom, skladno s členom 14 Postopkovne uredbe št. 659/1999.
To this end, the Commission finds it necessary to ask Italy first to remove immediately the aid, which consists in the different tax treatment of their net operating result, in respect of the revenue accruing to investment vehicles specialised in shares of small- and mid-caps listed on regulated European markets by informing all those required by the relevant national rules of Article 12 of Decree-Law No 269/2003 to apply the tax incentives in question about the direct applicability of this Commission decision.
V ta namen Komisija meni, da je najprej treba od Italije zahtevati, naj nemudoma odpravi pomoč, ki predstavlja različno davčno obravnavo njenih neto rezultatov poslovanja glede na prihodke, ki jih ustvarjajo davčni nosilci, specializirani za delnice majhnih in srednje velikih kapitalskih podjetij na organiziranih evropskih trgih, in sicer z obveščanjem vseh, od katerih ustrezna nacionalna pravila iz člena 12 Uredbe z zakonsko močjo št. 269/2003 zahtevajo uvedbo zadevne davčne olajšave, o neposredni uporabi te odločbe Komisije.
Secondly, Italy must recover the aid from the investment vehicles or from the undertakings managing contractual investment vehicles that are at the same time the first beneficiaries of the aid and the persons required by tax legislation to pay to the State the substitute tax on their net operating result.
Italija mora vrniti pomoč iz naložbenih nosilcev ali podjetij, ki upravljajo pogodbene naložbene nosilce, saj so ti istočasno prvi upravičenci do pomoči in osebe, ki so po davčni zakonodaji obvezane plačati nadomestni davek na njihove neto rezultate poslovanja.
The aid to be recovered corresponds to the difference between the standard substitute tax and the reduced tax resulting from the tax incentives in question.
Pomoč, ki se vrne, ustreza razliki med standardnim nadomestnim davkom in zmanjšanim davkom, ki izhaja iz zadevnih davčnih olajšav.
This decision is without prejudice to the possibility for the investment vehicles or for the undertakings that manage them to claim a corresponding amount from their investors, if such a possibility exists under national law.
Ta odločba ne vpliva na možnost, da bi naložbeni nosilci ali podjetja, ki jih upravljajo, od svojih investitorjev zahtevali ustrezen znesek, če takšna možnost obstaja v nacionalnem pravu.
The obligation to recover the aid does not, however, rule out the possibility that all or part of the aid granted to individual beneficiaries may be compatible under Article 2 of Commission Regulation (EC) No 69/2001 on the application of Articles 87 and 88 of the EC Treaty to de minimis aid.
Vendar obveznost za povrnitev pomoči ne izključuje možnosti, da je celotna pomoč, dodeljena posameznim upravičencem, ali le njen del, združljiva po členu 2 Uredbe Komisije (ES) št. 69/2001 z dne 12. januarja 2001 o uporabi členov 87 in 88 Pogodbe ES pri de minimis pomoči.
The Commission calls on Italy to provide the information requested by replying to the questionnaire attached in Annex 1 to this decision, compiling a list of the financial intermediaries and the other parties concerned by the recovery of the tax incentive in question and indicating clearly the measures planned and already taken to obtain immediate and effective recovery of the unlawful state aid.
Komisija poziva Italijo, naj predloži zahtevane podatke z odgovorom na vprašalnik, priložen v Prilogi 1 k tej odločbi, ki ga sestavljata seznam finančnih posrednikov in drugih strank, povezanih z vrnitvijo zadevne davčne olajšave, in z jasno navedbo načrtovanih in že sprejetih ukrepov za takojšnjo in učinkovito vračilo nezakonite državne pomoči.
It also calls on Italy to submit within two months of the adoption of this decision all documents showing that the proceedings for recovering the unlawful aid have been initiated (such as circulars, recovery orders, etc.).
Italijo poziva tudi, naj v dokaz, da so bili sproženi postopki za vračanje nezakonite pomoči (kot so okrožnice, nalogi za izterjavo ipd.), v dveh mesecih od sprejetja te odločbe predloži vse dokumente.
The state aid in the form of tax incentives for undertakings for collective investment in transferable securities specialised in shares of small- and medium-capitalisation companies listed on a regulated European market provided for by Article 12 of Decree-Law No 269/2003, unlawfully put into effect by Italy in breach of Article 88(3) of the EC Treaty, is incompatible with the common market.
Državna pomoč v obliki davčnih olajšav za kolektivne naložbene podjeme za vlaganja v vrednostne papirje, specializirane za delnice majhnih in srednje velikih kapitalskih podjetij na organiziranem evropskem trgu iz člena 12 Uredbe z zakonsko močjo št. 269/2003, ki jo je ob kršitvi člena 88(3) Pogodbe nezakonito uveljavila Italija, ni združljiva s skupnim trgom.
The Italian Republic shall withdraw the aid scheme referred to in Article 1 with effect from two months following the date of notification of the present decision.
Italija bo preklicala program pomoči iz člena 1 z začetkom veljavnosti po dveh mesecih od datuma uradnega obvestila o tej odločbi.
Within two months of the date of notification of the present decision, the Italian Republic shall inform all the financial intermediaries, including the undertakings for collective investment in transferable securities specialised in shares of small- and medium-capitalisation companies and all the other parties concerned by the application of the state aid scheme referred to in Article 1, of the Commission decision deeming the scheme to be incompatible with the common market.
V dveh mesecih po datumu uradnega obvestila o tej odločbi bo Italija obvestila vse finančne posrednike, vključno s kolektivnimi naložbenimi podjemi za vlaganja v prenosljive vrednostne papirje, specializiranimi za delnice majhnih in srednje velikih kapitalskih podjetij, in vsemi drugimi strankami, povezanimi z uporabo državnega programa pomoči iz člena 1, o Odločbi Komisije, ki program opredeljuje kot nezdružljiv s skupnim trgom.
The Italian Republic shall take the necessary measures to recover the aid referred to in Article 1 and unlawfully made available to its beneficiaries from the corporate investment vehicles or, as the case may be, from the undertakings managing the contractual investment vehicles, without prejudice to any subsequent recourse under national law.
Italijanska republika sprejme vse ustrezne ukrepe za vrnitev pomoči iz člena 1, ki je bila nezakonito dana na razpolago njenim upravičencem iz korporativnih naložbenih podjetij ali pa, glede na posamezni primer, iz podjetij, ki so upravljala pogodbene naložbene nosilce, brez poseganja v poznejši postopek v skladu z nacionalnim pravom.
Within two months of the date of notification of the present decision, the Italian Republic shall inform the Commission of the identity of the beneficiaries, the amount of aid granted individually and the methods by which such amounts were determined.
V dveh mesecih od datuma uradnega obvestila o tej odločbi Italijanska republika obvesti Komisijo o identiteti upravičencev, posameznih zneskih dodeljene pomoči in metodah, po katerih so bili zneski določeni.
Recovery shall be effected without delay and in accordance with the procedures of national law provided that they allow the immediate and effective execution of the decision.
Izterjava se izvede nemudoma in v skladu s postopki, določenimi v nacionalni zakonodaji, da se omogoči takojšnje in učinkovito izvajanje te odločbe.
The aid to be recovered shall include interest from the date on which it was at the disposal of the beneficiaries until the date of its recovery.
Pomoč, ki se vrne, vključuje obresti od datuma, od katerega je bila na razpolago upravičencem, do datuma njene dejanske izterjave.
Interest shall be calculated in accordance with the provisions laid down in Chapter V of Commission Regulation (EC) No 794/2004.
Obresti se izračunajo v skladu z določbami poglavja V Uredbe Komisije (ES) št. 794/2004.
The Italian Republic shall inform the Commission, within two months of the date of notification of this decision, of the measures taken and planned to comply with it.
Italija v dveh mesecih od datuma uradnega obvestila o tej odločbi obvesti Komisijo o sprejetih in načrtovanih ukrepih za uskladitev s to odločbo.
It shall provide this information using the questionnaire attached in Annex 1 of this decision.
Podatke zagotovi z uporabo vprašalnika iz Priloge 1 k tej odločbi.
It shall submit within the same period all documents showing that the recovery proceedings have been initiated against the beneficiaries of the unlawful aid.
V tem obdobju tudi v dokaz predloži vse dokumente o tem, da so postopki za pridobivanje plačila od upravičencev do nezakonite pomoči sproženi.
Done at Brussels, 6 September 2005.
V Bruslju, 6. september 2005.
OJ C 225, 9.9.2004, p. 8.
UL C 225, 9.9.2004, str. 8.
The main difference between SICAVs (corporate funds) and contractual investment funds is that, in the case of SICAVs, there is no distinction between company capital and capital invested.
Glavna razlika med SICAV-i (korporativnimi skladi) in pogodbenimi naložbenimi skladi ja, da v primeru SICAV-ov ni razlikovanja med kapitalom družbe in vloženim kapitalom.
The participating shares in a SICAV are its capital.
Udeležene delnice v SICAV-u so njegov kapital.
The tax rate applicable to the net operating result of pension funds is not directly reduced by Article 12 of Decree-Law No 269/2003 because special tax rules apply to them.
Davčna stopnja, ki velja za neto rezultate poslovanja pokojninskih skladov, po členu 12 Uredbe z zakonsko močjo št. 269/2003 ni neposredno zmanjšana, saj zanje veljajo posebna davčna pravila.
However, pension funds investing in specialised investment vehicles benefit from a specific tax credit which allows them to apply the specific 5 % rate to the portion of their revenues deriving from specialised investment vehicles.
Kljub temu so pokojninski skladi, ki investirajo v specializirane naložbene nosilce, upravičeni do posebnega davčnega dobropisa, kar jim omogoča uporabo specifične 5 % davčne stopnje za delež njihovih prihodkov, ki izhajajo iz specializiranih naložbenih nosilcev.
The difference between open-ended and closed-end funds is that, for the latter, the number of shares issued by the fund is fixed at the outset for a certain number of years, the participants do not have the right to request redemption of their shares at any time, and new issues of shares are also restricted.
Razlika med odprtimi in zaprtimi skladi je, da se za zadnje število delnic, ki jih je izdal sklad, določi na začetku za določeno število let; udeleženci nimajo pravice kadar koli odkupiti svoje delnice, nove izdaje delnic so prav tako omejene.
Open-ended funds are not subject to any of these restrictions (cf. Provvedimento del Governatore 27 agosto 2003 of the Bank of Italy amending the provisions on UCITS in the previous Provvedimento of 20 September 1999 and taking into account the changes to the provisions governing closed-end funds introduced by Decree No 47 of 31 January 2003).
Za odprte sklade ne velja nobena od teh omejitev (glej „Provvedimento del Governatore 27 agosto 2003“ Banke Italije, ki spreminja določbe o KNPVP v prejšnji Provvedimento z dne 20. septembra 1999 in upošteva spremembe določb o ureditvi zaprtih skladov, ki jih uvaja Uredba 47 z dne 31. januarja 2003).
This limit is set at two months in the case of closed-end funds.
V primeru zaprtih skladov znaša ta omejitev dva meseca.
A company can therefore be classified as a small- or mid-cap for one or more quarters, depending on stock market fluctuations.
Družba se torej eno ali več četrtletij leta glede na nihanja na trgu delnic obravnava kot majhno ali srednje veliko kapitalsko podjetje.
The scheme does not directly affect taxation of foreign investment vehicles falling outside the scope of Directive 85/611/EEC.
Program neposredno ne vpliva na obdavčitev tujih naložbenih nosilcev, ki jih ne ureja Direktiva 85/611/EGS.
To be more precise, while the foreign UCITS that distribute their net operating result to individual Italian investors apply Italian withholding tax upon distribution, the portion of the net operating result accruing to Italian investment vehicles from their participation in foreign UCITS is eligible for relief from double taxation by means of the exclusion of part of the net operating result deriving from such foreign UCITS.
V pojasnitev: Medtem ko tuji KNPVP, ki razdelijo svoje neto rezultate poslovanja posameznim italijanskim investitorjem, italijanski davčni odtegljaj uveljavijo ob razdelitvi, je delež neto rezultatov poslovanja, ki jih ustvarjajo italijanski naložbeni nosilci z njihovo udeležbo v tujih KNPVP, upravičen do oprostitve dvojnega obdavčenja z izvzetjem dela neto rezultatov poslovanja, izhajajočih iz takšnih tujih KNPVP.
Pursuant to Article 10b of Law No 77/1983, revenue from foreign investment vehicles not governed by Council Directive 85/611/EEC is included in the net operating result as it is not subject to withholding tax.
V skladu s členom 10b Zakona št. 77/1983 je prihodek tujih naložbenih nosilcev, ki ga ne ureja Direktiva Sveta 85/611/EGS, vključen v neto rezultate poslovanja, saj zanj davčni odtegljaj ne velja.
By excluding from the net operating result of an investment vehicle the entire amount of capital revenue deriving from a specialised investment vehicle subject to the reduced rate of 5 %, the scheme achieves the objective of ensuring equal treatment between investments made in Italian specialised investment vehicles and those made in foreign specialised investment vehicles.
Z izvzemom celotnega zneska kapitalskega prihodka, ki izhaja iz specializiranih naložbenih nosilcev, za katere velja znižana, 5-odstotna davčna stopnja, iz neto rezultatov poslovanja naložbenega nosilca program zagotavlja enakovredno obravnavo tako naložb v italijanske specializirane naložbene nosilce kot naložb v tuje specializirane naložbene nosilce.
Article 12 of Decree-Law No 269/2003 maintains the existing 15 % tax credit with a view to ensuring that the 5 % reduced tax levied on specialised investment vehicles is borne by the participating investor, which would be the case if the credit had been limited to 5 % (corresponding to the 5 % substitute tax paid by the investment vehicle) instead of 15 %.
Člen 12 Uredbe z zakonsko močjo št. 269/2003 ohranja sedanji 15 % davčni dobropis z namenom zagotovitve, da 5 % zmanjšani davek za specializirane naložbene nosilce krije udeleženi investitor, kar bi veljalo, če bi bil dobropis omejen na 5 % (ustrezno 5 % nadomestnemu davku, ki ga plača naložbeni nosilec) namesto na 15 %.
In short, the 15 % tax credit makes it possible to avoid higher taxation at the level of the investor, resulting in an aggregate rate of tax of 5 %.
Na kratko, 15 % davčni dobropis preprečuje višje obdavčenje na ravni investitorjev, ki izhaja iz skupne 5 % davčne stopnje.
However, to prevent the participating investors from unduly benefiting from the full 15 % credit, while tax has been effectively paid at only 5 %, the scheme states that the tax credit constitutes a limited tax credit as regards the part not covered by the substitute tax on the accrued net operating result, i.e. 9 %, which cannot be reimbursed or used to offset income taxes due in tax years in which the revenue was taxed.
Da bi udeleženim investitorjem preprečili nezakonito upravičenost do celotnega, 15 % dobropisa, pri čemer je bil dejansko plačan samo 5 % davek, program določa, da predstavlja omejen davčni dobropis glede deleža, ki ga nadomestni davek na obračunane neto rezultate poslovanja ne krije, to je 9 %, ki jih ni mogoče povrniti ali uporabiti za kompenzacijo davkov na dohodek v davčnih letih, v katerih je bil prihodek obdavčen.