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August 2008

EU to propose ‘Robin Hood taxes’ to help poor

By Raman Jokhakar, Tarunkumar Singhal, Chartered Accountants
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59 EU to propose ‘Robin Hood taxes’ to help poor


The European Commission will look at changing taxes to boost
energy efficiency and help poor people hit by high fuel costs but tread
carefully on possibly taxing energy firms’ ‘windfall profits’, spokesman
Johannes Laitenberger said. He added that the European Union executive would
urge member states at a summit next week to take ‘targeted measures to help
citizens that are hardest hit by the current situation’ without giving
inappropriate incentives.

(Source : The Economic Times, 12-6-2008)

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