Leaked EU report boosts case for jet fuel tax
Taxing aviation fuel would cut the sector’s carbon emissions by 11% and have only a “negligible” impact on employment and gross domestic product in the EU, according to a leaked EC report. Applying a tax to jet fuel of E330 per thousand litres for certain types of flights would increase ticket prices across the bloc by 10%, to an average of E333, according to the final draft of the report. It would also cut the yearly number of travellers by 11% to 613m, it said. The report conceded that a tax would reduce jobs in the aviation sector by 11% but said it would have little overall impact on total European employment — 3.2m of the bloc’s 194m jobs are in aviation. Similarly, while fuel excise duty would cut the fiscal value added by aviation, this would be offset by the additional funds raised, the report stated. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-05-13/general/leaked-eu-report-boosts-case-for-jet-fuel-tax
https://portal.staralliance.com/cms/logo.png
Leaked EU report boosts case for jet fuel tax
Taxing aviation fuel would cut the sector’s carbon emissions by 11% and have only a “negligible” impact on employment and gross domestic product in the EU, according to a leaked EC report. Applying a tax to jet fuel of E330 per thousand litres for certain types of flights would increase ticket prices across the bloc by 10%, to an average of E333, according to the final draft of the report. It would also cut the yearly number of travellers by 11% to 613m, it said. The report conceded that a tax would reduce jobs in the aviation sector by 11% but said it would have little overall impact on total European employment — 3.2m of the bloc’s 194m jobs are in aviation. Similarly, while fuel excise duty would cut the fiscal value added by aviation, this would be offset by the additional funds raised, the report stated. <br/>
