Lester Brown, head of the Washington-based Earth Policy Institute told a press briefing in the US capital that ‘accounting systems that do not tell the truth can be costly’.
The veteran environmentalist said that once the true costs had been calculated they could be added through ‘shifting taxes from personal income to products such as petrol’.
Brown said it was key that the market told the ‘ecological truth’.
The UK white paper Modernising Company Law recommends that directors ‘include the company’s impact on the environment which the government believes every director needs to consider first among equals’.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements