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Exclusive: EU debt crisis boosts chance of energy tax overhaul

Tue, 06/01/2010 - 1:29am
Reuters

BRUSSELS (Reuters) - The greenest fuels would become the cheapest under plans for a pan-European energy tax which would also help governments tackle huge debts without raising taxes on workers, draft documents show.

The European Union's executive wants to overhaul Europe's 240 billion euro ($294 billion) annual taxation of energy, which varies widely between countries and often creates paradoxical incentives that encourage the biggest polluters.

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