Fukushima pref. panel OKs raise in nuclear fuel tax

Fukushima pref. panel OKs raise in nuclear fuel tax

FUKUSHIMA, Japan - The Fukushima prefectural assembly's committee on general affairs approves a proposal to raise the local tax on nuclear fuel July 4, paving the way for increasing the tax rate to 13.5% from the current 7%. Tokyo Electric Power Co. (TEPCO) opposes the tax hike as it is the sole payer of the local tax. TEPCO runs 10 nuclear reactors at its two power plants in the prefecture.

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