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Commission eases energy tax rules to fight inflation – POLITICO

The European Commission will propose exceptions to the bloc’s existing energy taxation rules to protect households and businesses from inflation, Economy Commissioner Paolo Gentiloni said on Monday.

“My services will come [in coming weeks] with further guidance on what kind of exceptions could be temporarily allowed to the rules we have on energy taxation,” he said calledspeaks in Bucharest.

He pointed to rising EU inflation, which rose to 6.2 percent in February but peaked at over 10 percent in the Czech Republic, Lithuania and Estonia, according to data Eurostat. “We can assume that these numbers will continue to rise,” Gentiloni warned.

EU countries have already invested an average of 0.5 percent of their GDP in measures to ease inflationary pressures on consumers and businesses, including fuel tax breaks in Germany and Italy.

Asked what exceptions to the rules could be made, a Commission spokesman said: “The Commission stands ready to provide guidance to Member States on how to best use the legal framework, including targeted and temporary exceptions under the Energy Taxation Directive to avoid distortions of the internal market avoid.”

https://www.politico.eu/article/commission-to-relax-energy-tax-rules-to-fend-off-inflation/?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication Commission eases energy tax rules to fight inflation - POLITICO

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