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Old 08-05-2012, 10:30 AM
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As Congress Acts, Obama Silent on EU Carbon Tax Scheme

The European Union is ambitious, at least when it comes to taxing. In a new tax on carbon emissions set to take effect on January 1, the EU will tax U.S. airlines for carbon emissions while flying over the United States, so long as that flight departs from or lands in Europe. That is a wide power grab from nations who unambiguously have “complete and exclusive sovereignty over airspace above its territory,” according to international law.
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