In the four largest EU countries, subsidies for petrol and diesel company cars cost taxpayers €42 billion every year, according to a new study by the environmental group Transport & Environment (T&E), published on Monday 21 October.
The study calculates the effects of the tax benefits traditionally granted to company cars: benefits in kind, depreciation, value added tax (VAT) deductions and fuel cards. These subsidies are not available to private car owners. Company cars account for 60%...