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'Let's tax the sun' -- new law shocks world press
Posted By -NO AUTHOR- On 08/31/2013 @ 11:21 pm In Money,World | No Comments
(The Local) A new tax on solar power introduced two weeks ago by the Spanish government has been described as “ludicrous” and “stupid” in two leading international publications.
US business and finance magazine Forbes pulled no punches in an article titled, “Out of ideas and in debt, Spain sets sights on taxing the sun”.
It pointed out that Spain “is one of the top countries in the world with respect to installed photovoltaic (PV) solar energy capacity.”
But the author took an incredulous tone and noted: “Spain is now attempting to scale back the use of solar panels – the use of which they have encouraged and subsidized over the last decade – by imposing a tax on those who use the panels.”
She added: “You get the feeling that government officials were out of ideas, stared up at the sky one day and thought, ‘I’ve got it! We’ll tax the sun!’”
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