Showing posts with label Tax. Show all posts
Showing posts with label Tax. Show all posts
Monday, October 19, 2015
Wednesday, September 16, 2015
Sunday, September 06, 2015
Tuesday, August 18, 2015
Tuesday, August 04, 2015
Friday, July 17, 2015
Monday, June 29, 2015
Tuesday, June 16, 2015
Friday, April 10, 2015
Sunday, February 01, 2015
Wednesday, January 28, 2015
Thursday, January 08, 2015
Wednesday, December 17, 2014
OECD diesel vs petrol environmental impact
A litre of diesel has around 10% more combustion energy than petrol, but produces roughly 18% more CO2 emissions.
Yet, when taken as tax per unit of energy produced, the average effective tax rate on diesel is 32% lower across OECD countries than it is on petrol.
In fact, the US–where tax rates on both diesel and petrol (or gasoline as it is called in the US) are very low anyway–is the only OECD country where diesel is taxed more than petrol on a per-unit of energy basis.
With regard to combating climate change, this tax policy makes little sense, not least because the lower tax amounts to a hefty subsidy to diesel. To be sure, taxing both fuels equally with regard to carbon emissions would mean that taxes on a litre of diesel should be 18% higher than those for petrol.
See Page:
Yet, when taken as tax per unit of energy produced, the average effective tax rate on diesel is 32% lower across OECD countries than it is on petrol.
In fact, the US–where tax rates on both diesel and petrol (or gasoline as it is called in the US) are very low anyway–is the only OECD country where diesel is taxed more than petrol on a per-unit of energy basis.
With regard to combating climate change, this tax policy makes little sense, not least because the lower tax amounts to a hefty subsidy to diesel. To be sure, taxing both fuels equally with regard to carbon emissions would mean that taxes on a litre of diesel should be 18% higher than those for petrol.
See Page:
Friday, September 19, 2014
Tuesday, September 02, 2014
Thursday, May 15, 2014
Friday, March 14, 2014
Reforming international tax system must be priority of G20
The G20 must take necessary steps to reform the international taxation system to stop wealthy tax dodgers, beginning at its Finance Ministers and Central Bank Governors meeting this weekend (22-23 Feb) in Sydney.
Oxfam says that billions of dollars are lost each year in tax loopholes and avoidance. This gap must be plugged. Much of this money should be spent on services such as health and education in developing countries, helping to lift people out of poverty and reduce their dependence on aid.
Oxfam spokesperson Dr. Helen Szoke, the chief executive of Oxfam Australia, welcomed news that the Australian Government had included international tax reform as a priority issue for its 2014 presidency of the G20.
See full Press Release: http://www.oxfam.org/en/pressroom/pressrelease/2014-02-21/reforming-international-tax-system-must-be-priority-g20
Wednesday, January 01, 2014
Sunday, December 22, 2013
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