India raises opposition to EU airline tax

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    India raises opposition to EU airline tax:confused:

    India has formally opposed a European Union (EU) plan to tax airlines on the basis of carbon emissions beginning next year as the move could hit local airlines with millions of dollars in annual payments and thwart their international expansion strategy.

    Under the EU’s planned guidelines, Air India Ltd, Jet Airways (India) Ltd and Kingfisher Airlines Ltd, which fly to Europe, will need to pay taxes for landing in and taking off from European airports based on the type of aircraft. The leg of the flight made over Indian airspace will also be taxed and payable to the EU.

    This will likely add up to millions of dollars in taxes under the so-called EU Emissions Trading Scheme (ETS), requiring passengers to pay $50-200 extra on international airfare, an analyst estimated. The emissions tax will depend on the fuel efficiency of the aircraft used.

    http://www.livemint.com/2011/07/26220440/India-raises-opposition-to-EU.html?atype=tp
     

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