News
Tax rise angers energy groups
The wind industry has accused the government of "sabotage" over a proposed fourfold tax increase that could lead to the scrapping of up to half Britain's 150 onshore projects.
The hike has infuriated energy groups, which are warning of a wholesale retreat from the struggling sector just weeks after the government unveiled a package of aid measures designed to support it.
May 16, 2009
by Danny Fortson
in The Sunday Times
The wind industry has accused the government of "sabotage" over a proposed fourfold tax increase that could lead to the scrapping of up to half Britain's 150 onshore projects.
The hike has infuriated energy groups, which are warning of a wholesale retreat from the struggling sector just weeks after the government unveiled a package of aid measures designed to support it.
In a letter seen by The Sunday Times, Eon accused the government of "giving with one hand and taking with the other". Infinis, the renewable-energy group owned by Guy Hands's Terra Firma, said the changes would "amount to between 40%... [continue via Web link]
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Tax Breaks & Subsidies
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