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.
