Plastax financial definition of Plastax
A tax imposed on the use of plastic bags, for example at a grocery store. A plastax is introduced to discourage use of plastic bags, which are thought to be harmful to the environment.
References in periodicals archive
The brilliance in the Plastax
is that they tagged a cost on an item conceived as free," Cobb says.
The gum tax could be between 5c and 10c per packet, which would raise a staggering EUR4m to EUR8m which would then be ring-fenced for environmental projects in the same way as the plastax
IRELAND has successfully implemented a plastic bag levy, plastax