Green taxes should be ring fenced, say businesses

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
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.

Further reading:

Green performance

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