Country:European Union
Year:1999
Policy status:Ended
Date Effective:1999
Policy Type:Economic Instruments>Fiscal/financial incentives, Policy Support
Policy Target:
Description:The "Ecofin" Council (economy/finance) held discussions on a framework for energy taxation to improve the functioning of the Internal Market and to achieve environmental objectives. A compromise proposal drawn up by the Presidency proposed a number of transitional periods for some Member States, exemptions or reductions in the level of taxation of certain products, including the possibility of zero rates. The framework covered both energy products which are not yet covered by Community Excise legislation: natural gas, coal, lignite, electricity, as well as energy products which are already covered by Community legislation: motor fuels and heating fuels. No resolution was reached on the proposal.

Last modified: Fri, 06 Jul 2012 17:03:02 CEST