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ITR’s climate hub: Managing tax policy to fight climate change

Taxpayers can expect the price of carbon to rise

After COP26, the world will have to implement tax policies as part of reducing global carbon emissions. Here ITR is offering a selection of its best climate coverage.

The 26th UN Climate Change Conference (COP26) may not have satisfied all environmentalists, but the conference has shown that the world desperately needs to act. Tax policy will play a crucial part of any international attempt to prevent climate breakdown.

Governments will be considering such measures as carbon tax and border regimes. These initiatives will have a significant impact on the future of entire industries. Businesses will have to consider how they will meet their obligations and manage the impact of higher costs as the ‘new normal’.

ITR regularly surveys the market about climate change and the effect of various tax policies in tackling it. Below you can read the results of our surveys and our in-depth analysis of the data.

Environmental tax after COVID-19(full 2021 results here)

Tax and the environment: Planting the seeds for a greener recovery

Tax policy and strategy

Here you can find a selection of ITR’s best news stories and features breaking down what companies can do to meet their obligations as the international tax system continues to change.

Carbon taxation:

Carbon taxes could force companies to change TP approach to risks

Carbon taxes to become the ‘new normal’

EU carbon border could trigger taxes around the world

Carbon pricing is necessary for a green recovery

Carbon taxation revenue rose by 50% in 2017 – or did it?

State of play in tax policy:

What taxpayers should expect from COP26

Will Biden take a strong tax route on climate change?

The European Green Deal: The challenges for industry

US companies gain benefits under tailored carbon taxes

Taxation of plastics could trigger a litigation wave

Natural gas industry stands to gain from a carbon tax

North Sea oil offers alternative to raising UK corporate tax

ESG strategy and compliance:

Tax teams will play a central role in company ESG compliance

Tax is advancing ESG outcomes at Uber and other large businesses

In-house tax functions can help reduce corporate carbon footprints

Tax team principles can support corporate environment goals

Oil and gas nations:

How the MLI affects O&A upstream assets on entry and exit in Kazakhstan

Tax directors should change how they think about VAT in the GCC

Saudi Arabia sets the Gulf standard for TP reform

How Bapco is getting ready for VAT in Bahrain

Transparency and the environment:

Tax transparency increasingly crucial for attracting investment

How tax transparency is driving environmental accountability

Corporate transparency without context is simply data open to interpretation

Stay up to date

As our reporters provide more insight on climate tax developments, we will update the above list of stories for you.

more across site & bottom lb ros

More from across our site

The Biden administration is about to give $80 billion to the Internal Revenue Service to enhance the tax authority’s enforcement processes and IT systems.
Audi, Porsche, and Kia say their US clients will face higher prices under the Inflation Reduction Act after the legislation axes an important tax credit for electric vehicle production.
This week Brazil’s former President Luiz Inacio Lula da Silva came out in support of uniting Brazil’s consumption taxes into one VAT regime, while the US Senate approved a corporate minimum tax rate.
The Dutch TP decree marks a turn in the Netherlands as the country aligns its tax policies with OECD standards over claims it is a tax haven.
Gorka Echevarria talks to reporter Siqalane Taho about how inflation, e-invoicing and technology are affecting the laser printing firm in a post-COVID world.
Tax directors have called on companies to better secure their data as they generate ever-increasing amounts of information due to greater government scrutiny.
Incoming amendments to the treaty could increase costs on non-resident Indian service providers.
Experts say the proposed minimum tax does not align with the OECD’s pillar two regime and risks other countries pulling out.
The Malawian government has targeted US gemstone miner Columbia Gem House, while Amgen has successfully consolidated two separate tax disputes with the Internal Revenue Service.
ITR's latest quarterly PDF is now live, leading on the rise of tax technology.
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