New Zealand Won’t Replace ETS

July 11, 2012 International TaxationNew Zealand Taxation

Wind MillsNew Zealand is not looking to change its emissions taxation system in order to harmonize it with the Australian carbon tax scheme.

In a television interview conducted over the weekend the Minister of Trade Tim Groser talked about the country’s current environmental tax system and described how it could be altered in the future.

The Minister issued assurances that the currently scheduled Emissions Trading Scheme would not be changed in order to match Australia’s carbon tax system. His words followed previous comments made by the Prime Minister John Key, in which he suggested that the two countries’ emissions tax programs could be harmonized.

He went on to say that the Prime Minister’s idea of harmonizing the tax systems could be feasible within a few years without having to make significant alterations to the emissions schemes in New Zealand.

Photo by Alex E. Proimos