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European Commission calls for tax cuts for green goods and services

December 9, 2008

European Commission calls for tax cuts for green goods and services

The European Commission calls for an overall value-added tax reduction as well as a lowering of rates on specific items such as environmentally friendly goods and services, along with reduced car registration and road taxes for low-emissions vehicles to boost the EU economy. The proposals are part of the European commission's $252 billion economic stimulus package
announced at November 26th.

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