Nuclear fuel tax in Germany is legal, court says

The European Union Court of Justice ruled that a nuclear fuel tax in Germany is in line with other regulations.
 
Judges ruled that the tax measures are in line with regulations on tax, state aid, a treaty, according to BBC. Energy companies E.ON, RWE and EnBW all argued that the tax was illegal and favored other companies. The tax cost them more than €5 billion ($5.6 billion), the article said. After the ruling, shares in RWE dropped 3.3 percent and E.ON decreased as much as 2.4 percent in Frankfurt trading, according to Bloomberg.
 
The court said the tax on nuclear fuel does not constitute state aid, and that nuclear fuel does not have to be exempt from taxation.
 
Subscribe to Nuclear Power International magazine



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...