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Energy Investment Tax Deduction Scheme (WEM)

legislation type Executive
Regulation/Rules
Passed in 1997
Provides a direct financial advantage to companies investing in sustainable energy and energy-saving equipment. The Energy Investment Tax Deduction scheme allows entrepreneurs to deduct 44% of the purchase/production costs for energy-saving equipment from their company's profits for the year in which the equipment was purchased, up to EUR113m (USD175m) annually.

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from the Grantham Research Institute
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