EASTERN ENERGY TAXATION
May 1st, 2004
BY KEITH NUTHALLTHE EASTERN and southern European countries who joined the European Union (EU) on May 1 have been granted requested stays of execution over the implementation of common EU minimum rates for solid fuel energy taxation. The EU Council of Ministers fears sharp increases would damage these new members' energy markets. The minimum rate is Euro 0.15/gigajoule for business and Euro 0.3/gigajoule for domestic consumers. For coal, the Czech Republic has been granted some exemptions until January 2008, Hungary until 2010, Poland until 2012, Latvia, Malta ...
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