GERMANY TAX EXEMPTION NUCLEAR WASTE ECJ CASE DECOMMISSIONING
January 1st, 2006
BY KEITH NUTHALL
THE EUROPEAN Court of Justice (ECJ) Court of First Instance has agreed that a challenged German tax exemption for nuclear operators to help them dispose of irradiated fuel and waste is legal under European Union (EU) law. Agreeing with the European Commission, judges said that financial reserves created to cover these disposal costs, and the permanent closure of outdated plants, could legally be counted amongst nuclear utilities' liabilities in tax returns. This section of the German commercial code had been challenged by German general ...
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