To cope with soaring energy prices caused by Russia’s aggression in Ukraine, EU governments need to better target income support, two experts told a hearing organised by the European Parliament’s Subcommittee on Tax Matters (FISC) on Thursday 27 October.
Assia Elgouacem, an economist at the OECD, presented the organisation’s ongoing work on monitoring public support measures to tackle rising prices in the EU. She noted that subsidies to fossil fuel represent 73% of total government...