Politico Brussels Playbook: Fishy Tax Breaks


Brussels Playbook: Fishy Taxes

Politico Brussels Playbook, 20 September 2021:

FISHY TAX BREAKS: The EU’s fishing fleet receives a tax break of between €759 million and €1.5 billion a year from fuel tax subsidies, according to a report published today by the Our Fish campaign. The group also finds that 7.3 million tons of CO2 are produced from burning fuel. MEP Grace O’Sullivan said the European Parliament-backed 8th Environment Action Program offers an opportunity for the EU to introduce binding deadlines to phase out environmentally harmful subsidies.


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