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« Greasemonkey plays havoc with web | Main | Nintendo Revolution unveiled » May 18, 2005Europe tackles aviation tax issue
A proposal of an aviation tax set before the finance ministers of the European Union nations at a meeting last weekend has provoked a strong disagreement among the ministers. The idea of a per-ticket tax was first brought up by the French at the World Economic Forum in January was for a $1 per ticket levy that it was said could raise $10 billion (€7.9 billion, £5.4 billion) per year to fund development projects. As presented to last weekend’s meeting, the suggested tax was for of €10 per ticket on flights within the EU and €30 per ticket for flights to non-EU destinations. Most nations with substantial tourist industries were opposed to the idea, and only France and Belgium said that they could commit to a mandatory form of the tax. Several officials said that there would be no agreement on the tax until and unless the amounts proposed were lowered, although reducing the amount of the tax would not meet the objective of raising stuffiness funds for development projects. The Austrian finance minister commented that he could not support the tax proposal because it would hurt consumers and distort competition. Posted by at May 18, 2005 01:08 PM > Discuss this in the Platinax Internet business forums |
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