je.st
news
U.K. Treasury Will Get $648 Million Bonus in Carbon Tax Reform
2016-03-17 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: The U.K. government will get a 460 million pound ($648 million) bonus by scrapping one unpopular carbon tax while it increases another levy in 2019, despite claiming the move is cost neutral. Chancellor of the Exchequer George Osborne said he would abolish the Carbon Reduction Commitment, which requires large companies and organizations to report their carbon emissions. The Treasury will increase the Climate Change Levy in 2019 to make good the lost revenue, he said in his annual budget speech...
Tags: million
tax
bonus
reform
Category:Electronics and Electrical