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05 Nov 2007
Green taxes raised should be ring fenced to help tackle climate change rather than used in general public finances.
Around 90% of business surveyed by Hacker Young said taxes raised through green initiatives should be channelled solely into dealing with climate change, instead of meeting a shortfall in public finances.
The firm had recently calculated that just 2% of green tax revenues went towards protecting the environment.
'Gordon Brown’s enthusiasm for reducing the UK’s carbon emissions is viewed with suspicion by many who think that green taxes are a very convenient way of plugging the widening gap in public finances under the façade of tackling climate change,' said UHY Hacker Young tax partner Roy Maugham.
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Briefings
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