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The Forum > General Discussion > Spain introduces a tax on sunlight.

Spain introduces a tax on sunlight.

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http://barnabyisright.com/2013/07/28/spain-introduces-sunlight-tax-/#comments So now in Spain they are introducing levies on solar that give the advantage to fossil fuel energy.

What ever happened to the dangers of CO2 in causing catastrophic global warming ?
Posted by Arjay, Thursday, 1 August 2013 9:04:07 PM
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Six % tax on Feed in Tarrif is not going to disrupt anything. Any one that feeds into the grid becomes a co generator as / the contract you signed.
A feed in tariff of Eight cents + 6 % tax is not going to be cheaper to use fossil fuel.
A good story buggered up by spectacularisms.
Posted by doog, Friday, 2 August 2013 8:38:12 AM
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Arjay,

This is just the tip of the iceberg that is currently ripping through the hull of the EUs de-carbonized Titanic.

The EU seems to be going through schizophrenia. The once hallowed tree planting for CO2 mitigation has been turned on its head with the UKs announcement that they are converting five power station to burn wood chip, WTF?

Angela Merkel is burning more coal; particularly lignite from her mining interests in the former East Germany, hard coal imports are up 25%, EU industry is moving off shore to low cost energy markets, VWs new plant will be in the USA? EU emissions certificates have been declared Junk Bond status, energy poverty is rife, green energy tariffs and subsidies are being reduced or removed and German engineering giant Siemens has confirmed it is completely winding down its solar business. The involvement ended in a disaster, costing Siemens about one billion euros.

All going quite nicely it seems.
Posted by spindoc, Friday, 2 August 2013 9:20:37 AM
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It appears that at the moment Governments worldwide are looking at new ways to TAX people.

Australia is now introducing levy on bank deposits, 0.05 per cent levy on bank deposits up to $250,000 will be collected from January 1, 2016 and is forecast to raise $733 million in its first 18 months.

It would be levied on the banks, not account holders, but the banking industry has indicated the costs will be passed on to customers.

HERE IS THE CRITICAL PART. "The money raised will go into a new Financial Stability Fund to be used in the event of a bank collapse, but will be counted as revenue in the budget."

Considering that most people have there pay deposited into a bank account it will hit nearly everyone.

A bank is a private entity, CEO'S and management etc on VERY HIGH salaries, why should the public be taxed to bail them out of incompetent decisions?
Posted by Philip S, Friday, 2 August 2013 1:33:20 PM
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And we ant to introduce an ETS linked to EU.

It may well make the canon tax look like spare change in years to come.

As for a tax on solar rebates, we know that NOTHING in this world is free and, for every action, there must be a reaction.

But, as others here have said, we'd best get used to it as whether you're on the side of our debt being low, or high, the reality is it has gone from zero to hundreds of billions and this was during a mining boom.

Governments have to one, understand that we can only spend money once and two, they need to be made accou table for their actions, because even if they admit to makimg mistakes, it's our money they waste, not theirs.
Posted by rehctub, Friday, 2 August 2013 4:23:52 PM
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It is interesting, I wonder how it relates to the "Bail In" process they have adopted to save the banks ?
Maybe it is the legal function they need to make the Bail In work.
They would on only have to change the percentage from 0.05 to 100% !

I had the impression that it was a tax on deposits, ie as deposits are made into the bank.
However if it is a tax, say yearly, then they could by regulation change the percentage to 100%.
That would comply with the G20 & IMF scheme as adoped and signed up by Wayne Swan as used in Cyprus.

Moody's has warned that Australian banks are at risk of defaulting because of heavy lending to housing loans.

Hmmmm
Posted by Bazz, Friday, 2 August 2013 4:44:49 PM
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