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Wed 03 Mar 2009EU backs scrappage scheme
THE EU Commission has joined the Society of the Irish Motor Industry (SIMI) in encouraging Ireland to set up scrappage schemes, following a discussion between Commission officials and scrappage scheme experts. The Commission described the schemes as one of the major measures “to boost demand for new vehicles and accelerate fleet renewal”.
Outlining its support for such schemes, the Commission said that “financial supports granted to consumers. . . do not constitute state aid”. Such “aid” would not necessarily reduce the State’s coffers, as relief comes in a rebate of taxes on purchases which, in all likelihood, would not otherwise be made.
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