NO. 14


Oil Taxation

CGES Study Queries Justification for Higher Taxes on Oil

The proposal by the European Commission to levy a new tax on oil and otherfossil fuels in order to stem the growth in the EC's carbon dioxide emissionswill increase the tax burden on oil unless steps are taken at the same time tooverhaul the entire system of energy taxes, according to a new detailed study bythe London-based Centre for Global Energy Studies (CGES).

The study points out that oil is...