Why the tax authorities are demanding more than 500 million euros in taxes from EDF. The tax administration contests the accounting method of the energy company regarding the dismantling of its nuclear power plants. The Council of State has ruled against EDF, which has provisioned 520 million euros in its 2020 accounts. It’s a little time bomb that threatens to explode in a few months. Thursday, on the sidelines of the presentation of its results for 2020, EDF said it had provisioned 520 million euros in the context of a dispute with the tax administration. At the heart of the problem: the “last core” of nuclear reactors or, in other words, the fuel remaining when the device is permanently shut down.
Les Echos 19th Feb 2021 read more »