EU Energy Tax Bill Includes Special Status for Some Sectors

A new version of the EU’s energy tax overhaul recommends giving “special treatment” to the bloc’s energy-intensive industries and different options for ensuring rates are adjusted for inflation.

Industries like mining and steel production may be particularly affected by increased taxation, according to the latest draft of the bill seen by Bloomberg Tax.

Their specific needs should be taken into account in the regulations, and appropriate support should be provided, the draft bill circulated by Poland argued. Poland holds the rotating EU presidency.

Geopolitical and socio-economic situations should also be taken into account, and countries should be allowed “adequate ...