RegulationCorporate GovernanceBudget2012: Carbon tax could be introduced

Budget2012: Carbon tax could be introduced

Carbon Reduction Committment is "burecratic" and could be replaced with an alternatibe tax

The Carbon Reduction Committment could be replaced with a new environmental tax the Chancellor said in his budget.

He labelled the CRC as “burecratic” and said if revenues from the administration of the scheme did not justify it he would consider replacing the scheme with an alternative tax.

Chancellor George Osborne said he wanted environmental agendas to be fiscally sustainable.

 

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