Tax benefits in green technology advance "hand in hand" in the US. In Europe, it depends on the country (with José Luís Moreira da Silva)

"The draft legislation in question [NZIA] does not, and should not, provide for any tax benefits", indicates SRS Legal Partner José Luís Moreira da Silva. This is because "tax matters are the exclusive competence of the Member States", which enjoy tax autonomy with regard to direct taxation.

"What the Commission has come to provide in the proposal now presented is that MSs [Member States] may adopt the tax benefits they deem appropriate to achieve what is established/ provided for in the Regulation," continues the same source. "It will thus be up to each MS to institute possible tax benefits, under the terms it considers appropriate, through the provision of incentives at national level, in order to achieve the provisions of the Regulation regarding investment and development/manufacturing of net-zero products and technologies" - the 40% target."