environmental tax

environmental tax

see POLLUTION.

environmental tax

a tax upon the production and/or consumption of environmentally polluting production processes or products with a view to discouraging their production and/or use. See POLLUTION, EXTERNALITIES.
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Environmental Fiscal Pressure, hereinafter EFP, refers to the percentage of participation of tax collection, In this case all revenue deriving from environmental tax, within the Gross Domestic Product, which can be expressed as follows:
Metinvest Groups enterprises annually pay over UAH 300 million of environmental tax annually to the budgets of different levels according to Vladislav Belous, the Head of the Environmental Department of Metinvest Group, who spoke at Green Mind 5th International Forum for Sustainable Development that is taking place on 19-20 October in Kiev.
Trend analysis of environmental tax revenues helps to understand how Greece, Bulgaria and Romania have performed in pollution control and natural resource management and predict if they will achieve the sustainable development goal to reduce greenhouse emission gases and to ensure the European Commission action plans in environmental purposes.
The government has a balanced public budget funded by environmental tax revenues, i.
The environmental tax is one whose tax base is a physical unit (or a proxy of it) of something that has a proven, specific negative impact on the environment.
The Treasury said the removal of the exemption, which allows businesses not to pay the environmental tax levied on energy if it has come from renewable power, would prevent tax-payers' money benefiting clean electricity generated abroad.
Vietnam will reduce the import duty on petrol and kerosene to 20 per cent, from 35 per cent now, and also lower the duties on diesel and fuel oil before tripling the environmental tax next month, the Finance Ministry said.
In the last twenty years EU countries have introduced Environmental Tax Reforms (ETR) in national legislations.
Cyprus in line with EU targets, prepares a national action plan for green growth, after the approval of the Cabinet, said Minister of Agriculture and Natural Resources Nicos Kouyialis in a speech at a conference about the prospects of environmental tax reform in times of economic crisis.
2] in OECD countries and coefficient of environmental taxes are negative (With the increasing of environmental tax the air pollutants are reduced).
The agency defines environmental tax reform as the "shift of the burden of taxes, for example from labour to environmentally damaging activities, such as unsustainable resource use or pollution".
This paper shows that the optimal environmental tax should be less than the marginal environmental damages; since the presence of pre-existing distortionary taxes, increasing the welfare costs is associated with the overall tax code.

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