EUROPEAN PARLIAMENT RELENTS ON EXCISE DUTY STAND
June 1st, 2007
BY KEITH NUTHALL MINIMUM excise duty rates for alcohol across the European Union (EU) look set to rise by 4.5%, with the European Parliament's economic and monetary affairs committee yesterday (Wednesday 27/6) backing a compromise deal negotiated with EU member states by EU taxation Commissioner Lázló Kovács. The committee had proposed scrapping compulsory minimum rates altogether, while the European Commission had pressed for an increase reflecting inflation since these excise floors were set in 1992. The 4.5% is way below an inflation-linked rise, but ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.