ACCA has released its green taxation in a recession paper which warns taxes are needed on a global level
ACCA has produced a paper urging world governments to make a coordinated strike on tackling climate change.
The institute, which released its paper on green taxation in a recession this week, said unless global policies are put in place businesses could be enticed to relocate to a country with less green taxation and will result in a loss of international competitiveness.
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The report added that environmental taxation could help boost falling tax revenues, but will need careful planning by government and policy makers.
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