News Headlines
Today's news in full
News Summaries
Syndication

8th November 2007

EU member states’ finance ministers will discuss car taxes and VAT reform with the European Commission next Tuesday. The Commission reportedly wants to abolish car registration (excise duty) taxes; to create a mechanism to refund double taxation; and to restructure car taxation across the EU to be totally or partly CO2 emissions-related, as in the UK.

However, a document to be discussed by ministers and reported by Planet Ark yesterday suggested there was considerable opposition among them to CO2-based car-related taxes, and a pan-EU consensus that vehicle registration taxes (excise duty) should not be abolished, though refund systems would be acceptable.

A large majority of EU member states is said to support an approach to a new directive that would merely oblige them to differentiate passenger car-related taxes, totally or partly, on the basis of CO2 emissions or fuel consumption. EU taxation policy is subject to unanimous voting by all 27 EU member states.

<< Previous

Whole Day's News

Next >>