Turner wants taxes to nurture green economy
City watchdog chief wants targeted taxes
The head of the city regulator wants the next government to use tax and
spending to create a green economy,
The
Guardian reports.
Adair Turner, said taxes need to be raised to punish damaging environmental
practices.
“There is therefore a very strong argument whenever one is in the environment
of tax rises for trying to make them skewed as much as possible to things that
make sense in the long term,” he said.
He believes spending should be targeted to deliver better environmental
outcomes.
“In the expenditure side, obviously it is the case that some expenditures are
particularly valuable at this time in the cycle, in particular ones where the
leakage into imports is least,” he said.
Read the full story:
Government
must ‘green economy and create jobs’ FSA chief says