16 November 2009

Our View: Carbon Tax

Carbon Tax is on the line for the next Budget. We actually have had them for decades in Ireland as duties on fuel, so it seems likely that the 'new' CTs will be an extra revenue gathering exercise for a self-bankrupted Government.

The new CT will happen. But we all should know the views outside the Department of Finance. Here are a couple.

Carbon and Tax Neutrality by Frank Schnittger.

EU Mulls Europe-wide Carbon Tax.

Bottom line: Is a brand new tax right without deleting the existing 'carbon' duties? Think about it.