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A study commissioned by the European Commission, showed that in the aviation sector of the European Union, CO2 emissions could be reduced by 10% due to a tax on aviation fuel of 0.33 Euro per liter. Therefore, the study recommends the European Commission to introduce such a tax, according to Le Monde. It is noted that, if we consider the introduction of tax in France, it will allow a 9% reduction in greenhouse gas emissions from air transport, which corresponds to the withdrawal from the country’s roads of about 850,000 cars. Thanks to this measure, the French state budget would increase by more than 3.5 billion euros of additional tax revenue. According to forecasts, by 2037, the number of passengers transported by air transport will increase to 8.2 billion from 4.1 billion in 2017.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
European shares fell earlier on Monday, weighed down by travel stocks after the U.K. placed a quarantine on travelers from Spain as the number of COVID-19 cases continue to surge. The pan-European STOXX index lost 0.5% at 0718 GMT. Meanwhile, ...
South Korea on Wednesday announced that it would scale back its plans to impose capital gains taxes on stock investments after numerous complaints from retail investors. However, taxes will, instead increase for top earners as part of changes ...
KYC Policy