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


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...