Green taxes should be ring fenced, say businesses
Companies want green taxes to be used solely for protecting the environment
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.