Experts Predict Green Tax Options

Experts Predict Green Tax Options
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On the BBC today two financial experts from Ernst Young look at what tax tactics could be used in the forthcoming budget to encourage people to go green.Until recently environmental...

Guy Brighton
  • 6 december 2006


On the BBC today two financial experts from Ernst & Young look at what tax tactics could be used in the forthcoming budget to encourage people to go green.

Until recently environmental taxes have been based on the ‘polluter pays’ principle, although some  critics see it as just another stealth tax. Surprisingly green taxes take around 1% to 1.5% less of total tax now than they did ten years ago. Restoring the balance could provide an extra £5bn to £6n of tax revenues.

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