UK Needs Carbon Tax Overhaul
September 14, 2015 Taxation in UK
LONDON – The UK’s current environmental taxes do not benefit businesses or the environment, and should be overhauled.
In a new report issued on September 14th the UK manufacturers organization EEF called for the government to reduce the use of environmental taxes in favor of enacting more tax incentives.
The new report comes as a response to the government’s ongoing review into carbon taxes and the potential implementation of further environmental tax measures.
The EEF claimed that the current system of using green taxes to tax pollution, such as the carbon price floor and carbon reduction commitment, actually penalize businesses through extra red-tape and greater costs.
It was further claimed that the “bewildering” array of energy taxes in the country do not serve to reduce emissions, and, instead, only drive up energy prices.
As an alternative the EEF called on the government to look into instating tax incentives which will encourage businesses to emit less pollutants or to begin using environmentally friendly technologies.
Photo By: Emilian Robert Vicol