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Inflation Shouldn’t Delay Energy Tax Reform, EU Official Says

June 27, 2022, 5:27 PM

EU countries shouldn’t delay energy taxation reform in the face of rising inflation and energy supply problems, the bloc’s top tax official said Monday.

It would be a “big mistake” if countries reacted to rising energy prices by putting “in a drawer” a proposal to update the 2003 EU Energy Taxation Directive (2003/96/EC), Economy Commissioner Paolo Gentiloni told the European Parliament’s tax subcommittee. Member countries should also press ahead with windfall taxes on energy companies, he said.

  • The European Commission proposed energy tax reform in July 2021, but it hasn’t so far been discussed by European Union finance ministers. In ...