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

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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 & shared bottom lb ros

More from across our site

Despite a general decline in corporate tax rates around the world, jurisdictions are now more reliant on it than in 1990, a Tax Foundation economist found
Australian law firm Webb Henderson’s report said PwC had met 46 of 47 targets; in other news, the OECD has issued new transfer pricing country profiles
The arrival of a seven-strong team from Baker McKenzie will boost WTS Germany’s transfer pricing capabilities and help it become ‘a European champion’, the firm’s CEO said
Germany has forgotten to think about digital reporting requirements, a WTS partner claimed at ITR’s Indirect Tax Forum 2025
E-invoicing is currently characterised by dynamism, with fragmentation acting as a key catalyst for increasing interoperability, says Aida Cavalera of the International Observatory on eInvoicing
Pillar two and the US tax system ‘could work in harmony’, Scott Levine tells ITR in an exclusive interview to mark his arrival at Baker McKenzie
Peter White, who has a tax debt of A$2 million, has been banned for five years from seeking registration with Australia’s Tax Practitioners Board (TPB)
Wopke Hoekstra’s comments followed US measures aimed against ‘unfair foreign taxes’; in other news, Grant Thornton and Holland & Knight made key tax partner hires
An Administrative Review Tribunal ruling last month in Australia v Alcoa represents a 'concerning trend' for the tax authority, one expert tells ITR
A recent decision underlines that Indian courts are more willing to look beyond just legal compliance and examine whether foreign investment structures have real business substance
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