ICAEW Chief Executive defines ‘green’ tax

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What exactly is a green tax? Well, if one considers that calling anything green, eco or environmental these days seems to be a licence to charge double the price, then the idea of green taxes is probably highly favourable with the Treasury at the moment.

Michael Izza, Chief Executive of the Institute of Chartered Accountants in England & Wales (ICAEW), speaking at the Liberal Democrats Conference in Brighton suggests that green tax needs to be properly defined; any future tax should only be given the definition of a green tax if it effectively reduces pollution.

He gave the example of Air Passenger Duty increases which though labelled as green tax does little to restrict aircraft carbon emissions, and said, We think it is important from a public perception viewpoint that a green tax fulfils...

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