Colombia: Tax reform summary 2016
According to law 1819 of 2016, adopting the structural tax reform bill approved on 23 December 2016. It introduces the following major changes to the corporate income tax regime: Income tax rates As from tax year 2019, a single income tax rate of
See MoreOECD research considers the effectiveness of carbon tax and emissions trading
A report released by the OECD on 26 September 2016 entitled Effective Carbon Rates: Pricing CO2 through Taxes and Emission Trading Systems suggests that current carbon prices are not high enough to reduce greenhouse gas emissions. The research also
See MoreUK: Consultation on changes to landfill tax
On 26 May 2016 the UK published a consultation document on changes to the definition of a taxable disposal for the purposes of landfill tax. The government also wants to gather information and views on hazardous waste that comes within the scope of
See MoreWorld Bank: Emissions trading and carbon taxes
Om 8 March 2016 the World Bank held a conference with over thirty developed and developing countries on the challenges of using carbon prices to reduce emissions of greenhouse gas. World Bank initiatives such as the Carbon Pricing Leadership
See MoreOECD Working Paper looks at Environmental Taxes and Inequality in Income Sources
An OECD Working Paper published in February 2015 explores the relationship between environmentally related taxes and inequality in income sources. The paper looks at whether there is any difference between countries that have implemented
See MoreIreland Increases Carbon Tax Rates
With effect from May 1 2014 the solid fuel carbon tax is to be raised. This change will bring the tax up to a level that is equivalent to EUR20 (USD28) per tonne of CO2 emitted, in line with the tax payable in respect of other fossil fuels. This
See MoreAustralia: Carbon tax repeal Bill tabled
The Prime Minister of Australia on 13 November 2013 tabled a bill canceling controversial carbon tax throughout the first session of parliament. The government is hoping to repeal the carbon tax in
See MoreAustralia: Draft Bill to repeal carbon tax
The Australian Prime Minister and Environment Minister on 15 October 2013 announce that the government has released draft legislation to repeal the carbon tax for public consultation. As per the government, the first enactment they will table in
See MoreAustralia: Under carbon tax emissions would Rise
The Ministry of Environment of Australia has said that the Australia’s projected emissions for the period from 2010 to 2020 would go up from 560m to 637m tones under the carbon tax. The Minister’s argument is that the carbon tax would damage
See MoreFrance announces plans for a Carbon Tax
The government of France has announced to initiate a “climate energy contribution”. The new plans will fall within the framework of finance bill 2014. The Government is expected to put forward further environmental tax initiatives in its
See MorePoland: Hydrocarbon tax from 2020
Poland’s environment ministry has changed its proposal on hydrocarbon law which is concerns of companies exploring for shale gas. The ministry has selected to push ahead with its plans to create NOKE, a state-controlled company that will take up
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