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.
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