360 million CHF amassed from the CO2 tax to be distributed to Swiss companies and population

17/06/2010 09:13 Renewable

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According to a recent decision taken by the Swiss Federal Council in May 2010, revenues resulting from CO2 tax will be proportionally distributed to the Swiss population and companies during the course of the year.

Since 2008, Switzerland charges a tax on CO2 from fossil fuels, such as heating oil and natural gas, which will start for the first time being distributed in June 2010 to the Swiss economy, the total amount reaching 360 million CHF. The compensation will be distributed depending on how efficient the economic agents used fossil fuels, opting for renewable energy instead, but also on the payroll amount. Thus, every employer will receive 131.10 CHF for a total payroll of 100,000 CHF, according to calculations using 2008 payroll data as declared until October 31st 2009.

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