Kansai Electric Power Co.’s Mihama nuclear power plant in Mihama, Fukui Prefecture January 20, 2021 Local governments are increasingly depending on tax revenues from the nuclear plants they host, a relationship that has deepened over the 10 years since the Fukushima nuclear disaster, an analysis by The Asahi Shimbun shows. That follows the introduction of new tax…
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Kansai Electric Power Co.’s Mihama nuclear power plant in Mihama, Fukui Prefecture (Asahi Shimbun file photo)
Local governments are increasingly depending on tax revenues from the nuclear plants they host, a relationship that has deepened over the 10 years since the Fukushima nuclear disaster, an analysis by The Asahi Shimbun shows.
That follows the introduction of new tax regimes that ensure a steady flow of nuclear-related tax yields even when reactors are idle or in the process of being decommissioned. They were brought about largely through increasing existing taxes on nuclear fuels and levying new taxes on spent nuclear fuels kept at the plants.