Japanese Government Looks at Tax Hikes to Pay for Nuclear Disaster

Msnbc.com
April 20, 2011

Japanese consumers would be on the hook for nuclear damage payments and earthquake reconstruction costs under two tax plans the government is considering, officials said Tuesday.

The Kyodo News agency said one plan would raise electricity customers’ charges to help cover claims against Tokyo Electric Power Co. from people who suffer losses from the crisis at the Fukushima Dai-ichi nuclear power plant. The increase would come in the form of a higher electricity source-development tax, which is collected from customers as part of their electricity bills.

TEPCO must pay people forced to evacuate from the region surrounding the nuclear plant, but officials said the power company may not be able to pay all the claims.

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This article was posted: Wednesday, April 20, 2011 at 11:16 am

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