TALLINN – The Estonian Oil Association that represents major fuel retailers has proposed tying excise duties for fuels to their carbon dioxide (CO2) output, Postimees reported.
The head of the association, Mart Raamat, says in a proposal tabled on the association's behalf that in the future taxation should be based on two components: the size of the ecological footprint of the specific fuel, and how much money the state wishes the duty to bring into the state coffers.
The climate component should be tied specifically to CO2 output, the b...
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