TaxPersonal TaxEnvironmental proposals could damage UK business

Environmental proposals could damage UK business

Environmental protection measures agreed by the UK government at the Kyoto summit will have a detrimental effect on UK business, according to a survey of financial directors and controllers.

Measures designed to reduce pollution such as the introduction of charges for city centre access and charging businesses for operating customer or employee parking, are being considered as a result of the conference held in Japan in December 1997.

But while the majority of respondents to the survey – conducted by the Chartered Institute of Management Accountants – were in favour of the agreement, 73% believed controversial emissions trading proposals would prove overly bureaucratic.

CIMA technical director Tony Dart said: ‘Manufacturing industry will inevitably be put under pressure to meet the increase operational costs.’

Almost two-thirds of those questioned also expressed reservations about other EU nations implementing the agreement as rigorously as the UK.

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