TITLE

Italy raises taxes to reduce fuel poverty

AUTHOR(S)
Jones, Simon
PUB. DATE
July 2008
SOURCE
Utility Week;7/4/2009, Vol. 29 Issue 11, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article deals with the plans of the Italian government to raise tax rates on corporate profits in order to protect the poor from increasing food and fuel prices. Although the tax was not a major threat to the profitability of Eni and Enel, Assoelettrica warned that the levy would affect investment and the country's competitiveness in the European power industry. According to the Italian Treasury, the tax rate would raise an extra 440 million Euros in 2008.
ACCESSION #
43451702

 

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