State-owned energy producer Vattenfall has issued another warning about the impact of the country’s nuclear tax on Sweden’s energy supply. Announcing a five percent year-on-year increase in profit to SEK8.1bn (USD1bn) in the first quarter of 2016, Vattenfall’s President and CEO, Magnus Hall, said that nuclear power generation in Sweden increased in the first three months of the year. However, he warned that its operations in Sweden remain “challenged as a result of the nuclear tax.”
Tax News 5th May 2016 read more »