carbon tax tagged posts
December 9, 2014 New Zealand Taxation
Enacting a carbon tax in New Zealand could help reduce the cost of pollution and fund tax cuts for everyday New Zealanders.
The ultimate cost of failing to take action to reduce the levels of carbon emissions in New Zealand could result in a cost to the country of between NZD 3 billion and NZD 52 billion over the years between 2021 and 2030, according to information in a new statement released by the Green Party on December 7th.
According to the co-leader of the Green Party Russel Norman, the cost of inaction on the issue of climate change and emissions will set New Zealand households back by between GBP 2 000 and GBP 34 000 per, and “…New Zealand families can’t afford the cost of inaction”.
The Green Party also added that if New Zealand enacted a levy on carbon emissions, the tax...Read More
October 1, 2014 New Zealand Taxation
Climate change is having a significant impact on New Zealand, and, so far, not enough economic and tax measures are being taken to reverse these effects.
On September 30th the Green Party issued a new statement showing that climate change was a significant factor in the drought which hit New Zealand in 2013, and suggesting that taxes may be used to help alleviate such problems in the future.
The Green party’s statement is based on the results contained in a new study carried out by researchers from Vitoria University and the National Institute of Water and Atmospheric Research, showing that the “…results show the monthly pressure anomalies associated with the 2013 drought were higher as a result of anthropogenic (man-made) climate change,” and it was also noted the as a result of the dro...Read More
New 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...Read More
Australia and New Zealand could synchronize their carbon tax systems in the future, unless the tax is repealed in Australia following the upcoming election.
Speaking in a radio interview on June 2nd, the Prime Minister of New Zealand John Key said that New Zealand and Australia could harmonize their carbon tax systems in the future in order to improve the operational efficiency of the taxes across both countries.
John Key explained that the New Zealand carbon tax system and the Australian carbon tax systems were originally designed to work in unison and could take full advantage of the two country’s close economic relationship.
He went on to underline the importance of eventually harmonizing the taxes, saying that it would be economically detrimental for New Zealand to be in a situation wh...Read More