EUROPEAN PARLIAMENT ECONOMIC COMMITTEE OPPOSES EXCISE MINIMUMS
April 1st, 2007
BY KEITH NUTHALLIN an unusual pro-liberalisation intervention with potentially significant political implications, the European Parliament's economics committee has backed abolishing European Union (EU) common excise duty minimum rates. Instead it has proposed voluntary code of practice designed "to encourage member states with duties above the EU average to freeze and gradually lower them, and those with duties below the average to consider raising them." EU member states have failed to agree last year's proposals from the European Commission to raise excise ...
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