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
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.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges