carbon tax tagged posts

Philippines To Have New Mine Taxes

November 21, 2011 Taxation in Philippines

Mine Taxes in the PhilippinesMANILA – Tax authorities in the Philippines are keeping a close eye on the development and implementation of the mining and carbon taxes around the world, saying that similar measures could soon be implemented in the country.

Following a Cabinet meeting over the weekend the Finance Secretary of the Philippines Cesar Purisima said to members of the press that the national tax authorities are currently investigating the feasibility of applying on country’s mining industry a new taxes on carbon emissions and the use of mineral resources.

The Finance Department of the Philippines is investigating a proposal made by Environment Department to see all of the country’s mining sites reclassified as mineral deposits, allowing the government to collect a new 5 royalty tax on profits earned...

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OECD Recomends Tax Reforms for Belgium

July 13, 2011 Taxation in Belgium

Tax Reform in BelgiumBelgium needs to shore up its finance, lower tax rates, and introduce better eco tax measures, in order to protect itself from future economic disturbances.

Throughout the financial turmoil of recent years, Belgium has been praised for its handling of the downturn, having felt only a relatively minor impact from the disturbances, which was followed by a quick recovery. However the country is now at an impasse, seeing its debt-to-GDP ratio increase to 97 percent, which is putting an indefinite delay on the government’s plans to create funds for potential financial problems in the future.

In a report released on June 12th the Organization of Economic Cooperation and Development (OECD) identified shortfalls in the Belgian tax system which will need to be addressed if the country wants to dec...

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Australia Unveils Carbon Tax Plan

July 11, 2011 Taxation in Australia

Australia reveals carbon taxThe Australian government has revealed the pricing policy for its upcoming carbon tax system, and changes to be made to personal income tax rates.

At a press conference held on July 10th in Canberra the Prime Minister of Australia Julia Gillard revealed the final pricing details for country’s long-debated carbon tax system. The Prime Minister also described the tax system overhauls aimed at ensuring that the country’s economy does not suffer under the new tax.

From July 1st 2012 the national carbon tax will be set at AUD 23 per ton of pollution released into the atmosphere. The price is scheduled to rise by 2.5 percent each year for the following three years...

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Australia and New Zeland to Cooperate on Carbon Tax

June 21, 2011 Taxation in AustraliaTaxation in New Zealand

Australia Carbon TaxAustralia and New Zealand are looking set to cooperate on the issue of emissions taxation, despite the continuously escalating debates about the tax in Australia.

On June 20th the Prime Minister of Australia Julia Gillard and the Prime Minister of New Zealand John Key spoke at a joint press conference in Canberra, announcing that the two countries are set to work together in an effort to form a cooperative emissions trading scheme.

Julia Gillard and John Key explained that the economies of Australia and New Zealand are closely linked, creating an opportunity to form a strong and effective bilateral emissions taxation system...

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Revenues from Carbon Tax to Help Low-Income Families

April 13, 2011 Taxation in Australia

Greg CombetThe government of Australia is claiming that its planned carbon tax and emissions trading scheme will ultimately be of great benefit to the people of the country, especially retirees or people on low incomes.

While speaking in an interview on April 13th the Climate Change Minister Greg Combet assuranced that at least half of the revenues raised by the upcoming carbon tax would be used to fund economic aid projects for low-income households.

“We expect that millions of households will be better off under the carbon price arrangements and the assistance will be permanent” told minister to Australian radio...

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