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Looks like there's barely any tax on fuel for ships and planes. I guess it's tricky to raise such a tax unilaterally... "The extreme example of this price sens
by alimw 6y ago
Looks like there's barely any tax on fuel for ships and planes. I guess it's tricky to raise such a tax unilaterally...
"The extreme example of this price sensitivity was California’s 1991 decision to lift the fuel tax exemption and to tax interstate bunker fuel sales. Within a year, Californian bunker sales had collapsed as ships bunkered elsewhere especially Panama. The decision to impose a tax was reversed but California’s bunker business never recovered. "
https://ec.europa.eu/clima/sites/clima/files/docs/0036/taxation_en.pdf https://ec.europa.eu/clima/sites/clima/files/docs/0036/taxat...