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Extracts from the press conference by Algirdas Šemeta on the revision of the Energy Taxation Directive

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During the press conference in Brussels on 13/04/2011, Algirdas Šemeta, Member of the EC in charge of Taxation and Customs Union, Audit and Anti-Fraud, presented the European Commission's proposal to overhaul the outdated rules on the taxation of energy products in the European Union. The new rules aim to restructure the way energy products were taxed to remove current imbalances and take into account both their CO2 emissions and energy content. Existing energy taxes would be split into two components that, taken together, would determine the overall rate at which a product was taxed. The Commission wanted to promote energy efficiency and consumption of more environmentally friendly products, and to avoid distortions of competition in the Single Market. The proposal would help Member States to redesign their overall tax structures in a way that contributed to growth and employment by shifting taxation from labour to consumption.
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