| A Czech tax imposed in 2011 and 2012 on carbon emission allowances granted to companies for free breached a European Union directive, the European Union's Court of Justice ruled on Thursday.
The ruling was made at the request of a Czech court which is considering an appeal of an electricity producer, Sko-Energo, against the tax, but a similar claim to get the gift tax back was made by the country's biggest energy firm, CEZ. Under the EU's Emissions Trading Directive, companies were awarded at least 90 percent of each member state's permits for carbon emissions for free in 2008-2012...............................................Full Article: Source
|