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Europe Daily Bulletin No. 8995

21 July 2005
Contents Publication in full By article 38 / 48
GENERAL NEWS / (eu) eu/taxation
Commission authorises reduction of tax on climate change in favour of agricultural sector in United Kingdom

Brussels, 20/07/2005 (Agence Europe) - On Wednesday, the European Commission allowed the United Kingdom to grant the agricultural sector a tax cut of 687 million EUR over a period of 10 years. The reduction in the tax on climate change at a level of 50% for horticulture and 80% for the agricultural sectors covered by the Integrated Pollution Prevention and Control Agreements (IPPC) gives agriculture in the United Kingdom time to adapt to an increase in energy prices resulting from the tax,...

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