Carbon taxes to become the 'new normal'

April 07, 2021

Carbon tax obligations are increasing around the world

Environmental taxes form an increasing share of multinational enterprises’ tax burden, according to tax professionals. Support for carbon taxes from the fossil fuel industry and the Biden administration in the US are accelerating the momentum.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login

Topics

Poland Portugal Philippines Qatar United States Israel Italy Ghana Isle of Man Jersey Jordan Oman Jamaica Japan Paraguay Peru Pakistan Kazakhstan Panama Slovenia Armenia South Africa Singapore Antigua and Barbuda Slovak Republic Argentina Global Australia Romania Albania Russia Nicaragua Angola Serbia Algeria San Marino Saudi Arabia Andorra Monaco Mauritius Mexico Morocco Mongolia Montenegro Macedonia Gibraltar Greece Georgia Germany Guernsey Malta Gulf Cooperation Council Greenland Malaysia Guatemala Nigeria News Netherlands Antilles New Zealand Norway OECD Honduras Hong Kong SAR India Indonesia Hungary Iceland Myanmar Ireland Netherlands Iran Mozambique Iraq Cuba Curaçao Central America Rwanda Chile Chad Indirect Tax G20 Costa Rica Croatia China Colombia Compliance Management Latvia France Kuwait Laos Lithuania Luxembourg Lebanon Liechtenstein Denmark Ecuador Cyprus Czech Republic Kenya European Union Finland Kosovo Egypt Estonia Tunisia Belize Tanzania Barbados Thailand Belgium United States Outbound United Nations Puerto Rico Austria Spain Sri Lanka Azerbaijan South Korea Switzerland Bahrain Bangladesh Taiwan Sweden Bahamas Venezuela Canada Vietnam Cayman Islands United States Inbound Bolivia Uganda Bosnia and Herzegovina Turkey United Arab Emirates Bermuda Bulgaria Cambodia Uruguay United Kingdom Brazil Ukraine British Virgin Islands

Alice Jones

Commercial Editor ITR

Alice is an editor of commercial content across Euromoney brands including International Tax Review (ITR), Managing IP (MIP), and International Financial Law Review (IFLR). She joined the commercial team in March 2022 after working as a journalist for ITR.

more across site & bottom lb ros

More from across our site

EU General Court hearing.jpg

This week in tax: EU court strikes out Belgian tax scheme on state aid grounds

The General Court reverses its position taken four years ago, while the UN discusses tax policy in New York.

Ralph Cunningham, September 22, 2023

Viersen, Germany - January 9. 2022: Closeup of mobile phone with

Amount B remains prominent sticking point in BEPS talks

Discussion on amount B under the first part of the OECD's two-pronged approach to international tax reform is far from over, if the latest consultation is anything go by.

Ralph Cunningham, September 21, 2023

Preparation or readiness.jpg

Innovation and flexibility key to pillar two data readiness

Pillar two might be top of mind for many multinational companies, but the huge variations between countries’ readiness means getting ahead of the game now, argues Russell Gammon, chief solutions officer at Tax Systems.

Russell Gammon, September 20, 2023

ITR Autumn Issue 2023: Editorial

ITR’s latest quarterly PDF is going live today, leading on the looming battle between the UN and the OECD for dominance in global tax policy.

September 20, 2023

German government district, Berlin 2000x.jpg

German industry wants more from govt on draft tax reforms

Company tax changes are central to the German government’s plan to revive the economy, but sources say they miss the mark. Ralph Cunningham reports.

Ralph Cunningham, September 18, 2023

ITR-Americas-Tax-Awards-2023-editable-transparent-4c.png

ITR Americas Tax Awards 2023: winners announced

The winners of the ITR Americas Tax Awards have been announced for 2023!

John Harrison, September 15, 2023

Rachel Fox.jpg

More tax experts to seek out Middle East, Clyde & Co hire claims

There is a ‘huge demand’ for tax services in the Middle East, says new Clyde & Co partner Rachel Fox in an interview with ITR.

Sam Sholli, September 15, 2023

European Central Bank (editorial only) 2000x.jpg

This week in tax: ECB criticises Italy windfall tax on banks

The ECB warns the tax could leave banks with weaker capital levels, while the UAE publishes guidance on its new corporate tax regime.

Sam Sholli, September 15, 2023

Internal Revenue Serice Sign

Maintaining the tax base in the US and UK: TP and diverted profits tax

Caroline Setliffe and Ben Shem-Tov of Eversheds Sutherland give an overview of the US transfer pricing penalty regime and UK diverted profits tax considerations for multinational companies.

Caroline Setliffe, September 14, 2023

Money large

EY tax revenue grows by 7.5% during bumper year

The result follows what EY said was one of the most successful years in the firm’s history.

Sam Sholli, September 13, 2023