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Stories that are tagged 'carbon tax'

Monti Produces Future Italian Fiscal Framework
4/18/2012
The government has agreed the draft of a law, to be subsequently approved by parliament, which would provide the framework for tax reform in Italy, but which, in fact, is more notable for what is does not, rather than for what it does, contain.
Business Calls For US-Brazil Trade Treaty
4/10/2012
On the occasion of Brazilian President Dilma Rousseff's visit to the United States on April 9, the US Chamber of Commerce President and CEO Thomas Donohue called on the two countries to begin discussions on a comprehensive Economic Partnership Agreement.
OECD Urges Tax Reform In Poland
4/5/2012
The Organisation for Economic Cooperation and Development has presented a report recommending that Poland implement specific measures to improve the nation's tax regime and meet deficit reduction targets at a faster pace.
Turks And Caicos On The Mend After Fiscal Reform
3/23/2012
The Chief Financial Officer of the Turks and Caicos Islands interim government, Hugh McGarel-Groves, has reported significant progress towards correcting the territory's deficit after a raft of measures introduced last year.
European Aviation Fears EU ETS Backlash
3/19/2012
In joint letters, the heads of some of Europe's major airlines and aviation engine manufacturers have called upon European Union leaders to take action and stop an escalating trade conflict with China and other countries opposing the European Emissions Trading Scheme.
Virgin Australia Announces Carbon Tax Surcharges
2/28/2012
Virgin Australia has outlined the surcharges it will add to flight prices in response to new Australian and European Union carbon pricing schemes.
BC Corporate Tax Hike Possible
2/27/2012
British Columbia could hike the standard rate of corporate tax if the fiscal situation does not improve, the Finance Minister has warned in his 2012 Budget.
South Africa's Carbon Tax In Effect From 2013
2/27/2012
Within a white paper issued in October last year, the South African government reviewed its climate change policy, and the Minister of Finance Pravin Gordhan has now, in his 2012 Budget, provided the proposed design for a carbon emissions tax.
Dubai Airline Plans To Offset EU Carbon Tax
2/21/2012
Dubai-based Etihad Airways has plans to increase the fuel surcharge on flights to Europe in an attempt to minimise the damage caused by the EU's new carbon tax.
BASIC Countries Slam EU Carbon Tax On Airlines
2/17/2012
The 10th BASIC Ministerial Meeting on Climate Change, held recently in New Delhi, has heavily criticized the inclusion of international aviation in the European Union Emissions Trading Scheme.
China 'Bans' Airlines From EU Carbon Tax Scheme
2/8/2012
The Chinese government has effectively banned Chinese airlines from participating in the European Union's Emissions Trading Scheme, which was extended on January 1, 2012 to flights using EU airspace.
Ryanair Snubs Ireland Over Tax
1/19/2012
Irish airline Ryanair, Europe's largest budget airline, is to create 1,000 new jobs but not in Ireland, with the country's tax regime thought to be to blame.
Business Aviation Sector Urges Carbon Tax Rethink
1/10/2012
While welcoming the use of market-based measures to support carbon emission reduction efforts, the association that represents business aviation operators in Europe has warned that revisions are needed to the EU Emissions Trading Scheme to ensure that it does not discriminate against small operators.
China Considers Carbon Tax By 2015
1/10/2012
Following previous announcements that it would develop tax policies to conserve energy, reduce emissions and protect the environment, it has now been disclosed that the Chinese government is considering the introduction of a carbon tax by 2015.
Chinese Airlines Boycott EU Carbon Tax
1/6/2012
The association that represents Chinese airlines, including Air China, China Southern Airlines, China Eastern Airlines and Hainan Airlines, has said its members will not abide by the European Union Emissions Trading Scheme, which on January 1, 2012, was extended to international airlines that use European airports.
Carbon Tax To Hit Australian Farmers
12/26/2011
Australia’s National Farmers Federation has expressed concern over the impact of the carbon tax.
Ireland Consults On Vehicle Tax Options
12/14/2011
A decline in new car sales, coupled with the inclination of consumers towards cheaper and cleaner cars, has meant a fall in Irish vehicle tax revenues and prompted the government to consult on options for reforming the levies.
Noonan Delivers Tax Changes In Irish Budget
12/8/2011
Irish Finance Minister Michael Noonan has delivered a comprehensive austerity budget comprised largely of tax measures designed to raise almost EUR2bn (USD2.7bn) in additional revenue.
TCI Interim Government Announces Fresh Tax Hikes
11/25/2011
The Turks and Caicos Islands interim government has announced new tax hikes aimed at reducing the budget deficit, which has increased on the back of the territory's political and economic problems.
Australia Passes Clean Energy Legislation
11/14/2011
On November 8, the multiple Bills comprising the Clean Energy legislative package were passed into law by the Australian Senate, a package that will force about 500 of the country’s biggest polluters to pay a levy of AUD23 (USD23) for each tonne of carbon dioxide they emit.
Noonan Unveils Irish Fiscal Plans
11/8/2011
No further substantive changes will be made to income tax in Ireland over the coming year, but this will mean that other taxes will have to rise for the government to deliver the revenue increases necessary to help drive down the budgetary deficit.
South Africa Explores Carbon Tax Policies
10/20/2011
Within a white paper delineating South Africa’s climate change policy, the government has called for a range of economic instruments, including market-based instruments such as carbon taxes and emissions trading schemes, together with tax incentives.
Australian Business Urges Carbon Bill Changes
10/20/2011
The Australian Industry Group and the Business Council of Australia have written to all members of the Australian Parliament urging them to act in Australia’s long-term economic interest and amend the Clean Energy Future legislation to include essential safeguards to protect Australia’s competitiveness.
Germany To Lower Plane Ticket Tax
10/12/2011
Germany’s highly controversial plane ticket tax is to be lowered next year to compensate for additional costs arising from the extension of the European Union’s emissions trading scheme to flights over Europe from January 1, according to the German finance ministry.
France Unveils 2012 Budget Bill
10/3/2011
French Budget Minister and government spokesman Valérie Pécresse and Finance Minister François Baroin have recently unveiled details of the country’s 2012 finance bill, providing for a net increase in fiscal revenues of 7.5% to EUR273.1bn, and, crucially, for the introduction of a temporary ‘exceptional contribution’ on top income earners in France.
Australia Releases New Carbon Price Modelling
9/26/2011
The Australian government has released updated modelling of the impact of a carbon price, which it says confirms Australia's economy will continue to grow strongly at the same time as pollution is cut, although the estimates were dismissed as 'worthless' by the opposition Liberal Party.
Aviation Body Slams EU's 'Massive' Carbon Tax
9/16/2011
The International Air Cargo Association is urging the European Union to suspend implementation of its controversial Emissions Trading Scheme for aviation and to instead pursue a global agreement of aviation carbon emissions through the International Civil Aviation Organization.
Australian Carbon Tax Bill Introduced
9/15/2011
After months of controversy, Julia Gillard, the Australian Prime Minister, has finally introduced the carbon tax bill into parliament, which is expected to pass with the help of minority parties, despite fierce criticism of the legislation from business and the main parliamentary opposition group.
Australian Government Slams Opposition Carbon Scheme
9/7/2011
In a critique of the opposition coalition's carbon reduction scheme, the Australian Treasury says that its proposed 'Direct Action' scheme will more than double the economic cost of reaching the bipartisan carbon pollution reduction target of 5% on 2000 levels by 2020.
Australian Firms Face Fuel Tax Hit
9/6/2011
At least 1,500 Northern Territory businesses face a new 6.2 cents per litre tax on fuel under the federal government’s carbon tax, according to figures released as part of the Minerals Council of Australia’s response to the federal government’s proposed Clean Energy Future Legislation.
Tax Revenues Reduce Canada's Deficit
8/30/2011
Canada's fiscal deficit fell year-on-year during the first three months of the 2011/12 financial year, an achievement aided by a 4.8% rise in revenues.
Australian Think Tank Flags Danger Of New Taxes
8/19/2011
Australian free market think tank, the Institute of Public Affairs, has called on the Gillard government to scrap its mining and carbon taxes in light of the looming economic downturn in Australia's biggest export market, China.
NZ Business Assesses Impact Of Australian Carbon Tax
8/16/2011
The dangers of making hasty comparisons between the carbon schemes of Australia and New Zealand based on carbon price alone are highlighted in an independent report carried out for BusinessNZ.
Carbon Tax Targets Western Australia, Says Opposition Party
8/15/2011
The Australian opposition Liberal Party has taken the opportunity once again to criticize the country’s mining and carbon taxes by accusing the federal government of potentially damaging the prosperity of Western Australia.
Carbon Tax To Add Insult To Injury For Australian Retail
8/10/2011
Retail industry body the Australian Retailers Association has said that 83% of retailers are expecting consumers to spend less as a result of the country’s proposed carbon tax.
CBI Warns Of UK Carbon Tax Exodus
8/10/2011
The Confederation of British Industry has published a report warning the government to reduce the tax impact of proposed UK carbon emission legislation on energy-intensive companies.
Australian Carbon Tax 'Manageable' Says Gold Firm
8/4/2011
Gold mining company Barrick Gold anticipates that while Australia’s proposed carbon tax will increase the cost of production by USD12 an ounce, the tax increase will be 'manageable'.
New Zealand AA Says No To Carbon Tax On Fuel
8/3/2011
The New Zealand Automobile Association has called for an exemption from carbon tax on fuel, to match the plans currently being made in Australia.
Cameron Praises Australian Carbon Tax
8/3/2011
British Prime Minister David Cameron has written to his Australian counterpart to praise her carbon tax policy.
Two More Years Of Tax Hikes For Ireland
8/3/2011
While the country is on track to meet and even exceed its bailout commitments for this year, Irish Finance Minister Michael Noonan has outlined the plans he intends to implement over the next two years to cut the deficit and satisfy Ireland's creditors.
Threat To Australian Coal Industry From Carbon Tax
7/26/2011
Australia’s proposed carbon tax could lead to a AUD8bn (USD8.7bn) drop in the value of the coal industry according to research published this week.
Anti-Carbon Tax Ad Campaign Launched In Australia
7/22/2011
Australia's largest business organisation, the Australian Chamber of Commerce and Industry, is taking the concerns of business and ACCI's member organizations about the proposed carbon tax to the community through support of an advertising campaign by the Australian Trade and Industry Alliance.
Lines Drawn In Australian Carbon Tax Battle
7/18/2011
The Australian government has called on Opposition Members and Senators to declare if they will follow the Leader of the Opposition, Tony Abbott, and vote against the proposed carbon tax.
OECD Argues For Belgian Tax Reforms
7/13/2011
Belgium rebounded from economic crisis faster than most in the euro zone, but issues with its tax system, and with its environmental taxation in particular, remain, the Organization for Economic Cooperation and Development has said.
Australian Carbon Tax Details Published
7/12/2011
The Australian government has released comprehensive plans to tackle carbon emissions by placing a levy on around five hundred of the country's largest producers, with the impact on consumers offset by a variety of changes to personal income taxation and welfare payments.
Australian Car Makers Want Carbon Tax Compensation
6/29/2011
Car manufacturers in Australia are looking for some sort of compensation for the country’s proposed carbon tax, with the chief executive of one of the large automotive producers saying that there is the need for a government co-investment.
Trans-Tasman Carbon Scheme Studied
6/22/2011
During a visit to Australia by John Key, New Zealand Prime Minister, Julia Gillard, Australian Prime Minister announced that government officials would be working with their counterparts in New Zealand to study whether the two countries’ emissions trading schemes can be linked.
Australian Small Businesses Fear Carbon Tax
6/17/2011
Australia's largest business organization, the Australian Chamber of Commerce and Industry, says the modelling just released by the coal industry indicates some 14,100 non-coal jobs could be lost with the adoption of a carbon tax.
Asian Airlines Renew Attack On EU Carbon Scheme
6/16/2011
The Association of Asia Pacific Airlines has said that the European Union is overreaching its authority with its planned inclusion of international airline emissions within the EU Emissions Trading Scheme, scheduled for inclusion from 2012.
Swan Tries To Reassure On Australia's Carbon Tax
6/9/2011
During a speech to the National Press Club in Canberra, Wayne Swan, Australia’s Deputy Prime Minister and Treasurer, stressed that the proposed carbon tax will not cause a significant reduction to Australia's long-term economic prospects.
SARS Issues Three-Year Strategic Plan
6/3/2011
Oupa Magashula, Commissioner of the South African Revenue Service, has presented its Strategic Plan for the fiscal years from 2011-12 to 2013-14, expressing his confidence that the Plan provides the blueprint for the continuous compliance growth and sustained revenue realisation, which will be necessary to support economic development in the country.
Australian Climate Adviser Urges Carbon Pricing
6/6/2011
Ross Garnaut, the Australian government’s climate adviser, has submitted his final report to the government, and in the report he calls for urgent action to implement a carbon pricing scheme which it has been estimated should raise AUD11.5bn (USD12.3bn) in its first year.
Australian Minerals Council Rejects Carbon 'Tax Grab'
5/20/2011
The Minerals Council of Australia has published a lengthy report on the country’s proposed carbon tax, stating that an integrated policy approach that includes all emitters and competitor countries is absolutely necessary for a carbon pricing scheme to be effective.
Australian Budget Fails To Provide Carbon Tax Detail
5/12/2011
The 2011/12 Australian Budget, announced on May 10 by Treasurer Wayne Swan, has been condemned by some as being incomplete because of the lack of any detail on the impact of a carbon tax.
Australian Treasurer Counts Down To Budget
5/3/2011
With the Australian Budget only a week away, the Treasurer Wayne Swan has been burning the midnight oil putting the final touches to the all important document he will be reading out to the nation on May 10.
Australian Steel Workers Voice Carbon Tax Fears
5/2/2011
The Australian Workers' Union threw out a clear message to the Australian government this week, saying that it would not support a carbon tax if it cost even one job in the steel industry.
Australian Food Manufacturing Sector Co-Signs Carbon Letter To Prime Minister
4/27/2011
Nineteen leading food and grocery manufacturers, including Yakult and Nestle, and the Australian Food and Grocery Council have co-signed a joint industry letter to the Australian Prime Minister raising concerns about the proposed carbon pricing scheme.
Australian Business Body Adopts Carbon Tax Resolution
4/8/2011
The Australian Chamber of Commerce and Industry has passed a resolution on the country’s proposed carbon tax, which, it argues, should aim to place Australia on an equal footing with the rest of the world and in particular with its major trading partners.
Australia’s Leading Commerce Association’s Take On Carbon Tax
4/4/2011
Peter Anderson, Chief Executive of the Australian Chamber of Commerce and Industry, has responded to the Leader of the Green Party’s demand that revenue from carbon tax be spent on tackling social problems as “quite short-sighted and indeed quite counter-productive”.
Australian Productivity Commission Mulls Carbon Tax
3/29/2011
Gary Banks, Chairman of the Productivity Commission, has outlined some of his thoughts on the proposed carbon tax to be introduced in Australia in the not too distant future and the report that the Commission is currently working on.
Australia Progresses Tax Reform Agenda
3/23/2011
The Australian government is in the process of implementing a substantial tax reform agenda to strengthen and broaden the country’s economy, and maximize the opportunities of the mining boom by cutting small business taxes, boosting super and building more regional infrastructure.
Australian Airlines Seek Carbon Tax Clarification
3/18/2011
The chief executives of both Qantas and Virgin Blue airlines are keen to learn the finer details of Australia’s proposed carbon tax and have asked the government for answers to some of their questions, including whether the tax will apply to both domestic and international flights.
South Africa Looking To Finalize Carbon Tax
3/17/2011
South Africa’s government is looking to have a revised paper on its proposed carbon tax ready before the 2012 budget is tabled next February, while the tax could be in force as early as July 2012.
Carbon Tax In Australia Starts In July 2012
2/28/2011
The Australian Prime Minister Julia Gillard announced this week that the government will be putting a price on Australia’s carbon emissions, starting in July next year.
South African Budget Emphasizes Growth
2/25/2011
South Africa’s 2011 budget, presented on February 23 by the Minister of Finance Pravin Gordhan, declares that the measure of South Africa’s economic progress, and the effectiveness of the government’s spending and tax policies, will be primarily seen through its target of creating 5m new jobs in the next ten years.
Opposition Mounts To UK Carbon Policy
2/17/2011
The EEF, a UK manufacturers' organization, has condemned the government's plans for a carbon price floor, stressing they have 'unintended consequences of increasing costs for manufacturing...with no indication of how these will be mitigated'.
Australia's Carbon Tax Policies Attacked
2/14/2011
The policies that are most effective in driving down greenhouse gas emissions actually raise revenue rather than cost the budget money, according to a report just published by the Australia Institute.
EU To Revise Energy Tax Directive
2/14/2011
The revision of the European Union Energy Taxation Directive will be central to EU Tax Commissioner Algirdas Semeta's goal of pursuing a green tax agenda.
IMF Endorses Mauritius's Fiscal Policy
2/4/2011
The Mauritian economy has performed better than expected, due in large part to the authorities’ prompt and comprehensive policy response to the global crisis, according to the International Monetary Fund.
EU Publishes Industry-First Report On GHG Emissions
12/24/2010
The European Commission has announced the publication of a report from its Joint Research Centre that for the first time provides a comprehensive overview of methodologies for estimating air emissions from shipping, describes technological solutions and analyses policy options for reducing carbon emissions and air pollution in the sector.
South Africa Details Carbon Tax Options
12/14/2010
As foreseen in South Africa’s Budget Review Statement earlier this year, the National Treasury has now published a carbon tax discussion paper for public comment.
SA Mulls Carbon Taxes
12/10/2010
The South African government has approved draft proposals on taxing carbon emissions, which will be published for public comment in January.
French Report Exposes Costly Local Business Tax Reform
12/13/2010
Presenting the Finance Commission’s report on France’s 2010 supplementary finance law, rapporteur general of the French National Assembly, Gilles Carrez, emphasized that the main challenge for the government this year lies in evaluating the true cost to the state of the reform of local business tax.
China Considering Carbon Taxes
11/25/2010
The deputy head of China’s National Development and Reform Commission, Xie Zhenhua has said that the government is still considering its options to use tax measures to control the country’s greenhouse gas emissions during the period of its 12th Five-Year Plan 2011-15.
Japan To Look At Carbon Tax
11/24/2010
The Japanese government, to further its stated policy of cutting greenhouse gas emissions by 25% from 1990 levels by 2020, is looking at introducing a carbon tax on fossil fuel consumers for enactment next year.
Australia Mulls Carbon Tax Options
10/14/2010
During his keynote speech to the Carbon Expo Australasia 2010, Australia’s Minister for Climate Change, Greg Combet, clarified that the government’s climate change policy is not fixed on a carbon tax or an emissions trading scheme, and that the Climate Change Committee will consider all available options.
Australia Sets Up Consultations On Carbon Tax
9/29/2010
The Australian government is to establish two roundtables to engage the business community, and environmental and non-government organisations on climate change policies, in addition to a new multi-party parliamentary Climate Change Committee.
Australia Will Examine A Carbon Tax
9/24/2010
Australia’s Climate Change Minister, Greg Combet, during a television interview, has indicated that the new Labor government will consider all options to reduce the country’s greenhouse gas emissions, including the carbon tax that the previous Labor government had rejected.
Doubts Loom Over Australian Tax Policy
9/9/2010
With the support of independent parliamentary members and the Greens, the Australian Labor Party and the Prime Minister, Julia Gillard, have been able to obtain a one-seat majority in the House of Representatives and will form a new government, but, as each piece of legislation will have to be negotiated, the future progress of the party's tax manifesto commitments must be under some doubt.
METI Sets Out Japanese Tax Reform Proposals
9/2/2010
After a period of consultation with industry, the Japanese Ministry of Economics, Trade and Industry has incorporated significant green elements in its tax strategy for 2011 as well as proposals designed to make business taxation more competitive internationally.
South Africa Realigns Vehicle Carbon Emission Taxes
8/30/2010
Finance Minister, Pravin Gordhan, has confirmed that he recently met with the chief executive officers of the seven motor vehicle manufacturers in South Africa to discuss their concerns about the introduction of vehicle carbon emissions taxation in the country.
South Africa Introduces Tax Amendment Bills
8/26/2010
South Africa’s Finance Minister, Pravin Gordhan, has tabled before parliament two taxation amendment bills which, as amended after going through a consultation process, give effect to the tax proposals announced in the 2010 budget, announced in February.
Abbott Promises Mining Tax Credits
8/17/2010
Tony Abbott, the leader of Australia’s coalition opposition, has promised that, not only would a coalition government not introduce the government’s proposed mining tax, but also that it would provide additional tax incentives for mining exploration companies.
Australian Opposition To Reexamine Henry Report
8/11/2010
Tony Abbott, the Australian Liberal party leader, has officially launched the Coalition opposition’s election campaign with a confirmation of their tax policies, including a promise to relook at all of the measures suggested by the Henry tax review.
IMF Urges French Fiscal Consolidation
8/2/2010
In its Article IV consultation with France, the International Monetary Fund approved of the fiscal stimulus given in 2009-10 with a special mention of the abolition of the local business tax. However with sharply increased public debt, it thought the focus should now be on a significant and credible fiscal consolidation.
Gillard's Citizen Assembly To Consider Carbon Tax
7/26/2010
The Australian government has announced that a 150-strong Citizens’ Assembly will be appointed to examine the evidence on climate change, the case for action and the policy choices between a carbon tax, emissions trading scheme, or another approach to reducing pollution.
OECD Looks For South African Fiscal Consolidation
7/21/2010
The Organisation for Economic Cooperation and Development, in its 2010 Economic Survey of South Africa, considers that the effect on the country of the economic recession was rightfully moderated by a countercyclical policy response, but that fiscal consolidation may now be required.
Australian Parties Confirm Election Tax Policies
7/21/2010
Following the Australian government’s announcement of an election to be held on August 21, the battle lines represented by the tax policies of both the government and the opposition have been quickly confirmed.
Gillard Mulls Carbon Tax Issue
7/14/2010
As Julia Gillard, Australia’s new Prime Minister, is said to be considering how to extract the government from the past difficulties posed by its emissions trading scheme, she has received conflicting advice from the Australian Chamber of Commerce and Industry, the Climate Institute and the Australian Greens party.
IMF Urges Wider US Tax Base
7/12/2010
The International Monetary Fund, in its latest Article IV consultation with the US, saw the central challenge to be the development of a credible fiscal strategy to ensure that public debt is put on a sustainable path without putting the recovery in jeopardy.
UK Congestion Tax 'Inevitable'
7/7/2010
As if Britain’s motorists haven’t already been taxed enough, the RAC Foundation’s proposals to introduce road pricing may add to the already weighty burden.
New Zealand's ETS Start-Up Raises Prices
7/2/2010
The commencement of New Zealand’s emissions trading scheme on July 1 has already caused price rises for consumers, and drawn substantial criticism of its method of operation.
Gurria Calls For New Fiscal Balance
6/30/2010
Addressing the Group of 20 Business Summit, Angel Gurria, Secretary-General of the Organisation for Economic Co-operation and Development, spoke on the difficulty of balancing fiscal consolidation with the support of a job-rich recovery.
Australian Government Postpones Carbon Tax
4/28/2010
Australia’s Prime Minister, Kevin Rudd, has disclosed that the government has postponed its proposed emissions trading scheme until no earlier than 2013, after the Kyoto Protocol is due to expire late in 2012.
Gurria Recommends Recycling Green Taxes
4/26/2010
Angel Gurría, OECD Secretary-General, spoke against taxes on imports from countries lacking stringent carbon emission targets and for alternatives such as recycling of green taxes as a means of allaying competition fears, in a speech at the Johns Hopkins School of Advanced International Studies, Global Energy and Environment Initiative.
Opposition Lambasts Austrian Govt's Tax Plans
4/26/2010
During a recent National Assembly meeting, in which the financial plan for the coming years was discussed, opposition parties fiercely criticized the Austrian government for deliberately keeping its tax plans under wraps.
Irish Revenue Issues Guidance On Carbon Tax
4/22/2010
The Irish Revenue Commissioners have published a guidance note in respect of the introduction of the Natural Gas Carbon Tax from May 1.
Italy And France Urge Carbon Import Tax
4/19/2010
France and Italy have demanded that the European Union consider the introduction of a carbon tax on imports from outside the EU, where countries do not comply with EU standards on environmental issues.
Australian Greens Push Carbon Tax
4/14/2010
The Australian Greens have written to Prime Minister Rudd requesting that parliamentary debate on their proposal for a temporary carbon tax be scheduled as soon as possible, so that Australian regulations on carbon emissions can be passed by the middle of this year.
Austria Considers Green Taxes
4/12/2010
During a recent two-day conference in Loipersdorf, the Austrian People’s Party united on plans to generate additional fiscal revenue to invest in research, 'green' jobs and thermal insulation.

 

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