EASTERN ENERGY TAXATION
May 1st, 2004
BY KEITH NUTHALLTHE EASTERN and southern European countries who have now joined the European Union (EU) have been granted requested stays of execution over the implementation of common rules on energy taxation that were agreed last year for the old EU. Their approval by the EU Council of Ministers reflects concern that a shock increase in taxation would cause difficulties in these new members' energy markets. That said, none of the exemptions will last beyond 2012 and many will be phased out before that date. The common rules cover minimum rates of duty levied on ...
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