ITR’s climate hub: Managing tax policy to fight climate change

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ITR’s climate hub: Managing tax policy to fight climate change

Taxpayers can expect the price of carbon to rise

After COP26, the world will have to implement tax policies as part of reducing global carbon emissions. Here ITR is offering a selection of its best climate coverage.

The 26th UN Climate Change Conference (COP26) may not have satisfied all environmentalists, but the conference has shown that the world desperately needs to act. Tax policy will play a crucial part of any international attempt to prevent climate breakdown.

Governments will be considering such measures as carbon tax and border regimes. These initiatives will have a significant impact on the future of entire industries. Businesses will have to consider how they will meet their obligations and manage the impact of higher costs as the ‘new normal’.

ITR regularly surveys the market about climate change and the effect of various tax policies in tackling it. Below you can read the results of our surveys and our in-depth analysis of the data.

Environmental tax after COVID-19(full 2021 results here)

Tax and the environment: Planting the seeds for a greener recovery

Tax policy and strategy

Here you can find a selection of ITR’s best news stories and features breaking down what companies can do to meet their obligations as the international tax system continues to change.

Carbon taxation:

Carbon taxes could force companies to change TP approach to risks

Carbon taxes to become the ‘new normal’

EU carbon border could trigger taxes around the world

Carbon pricing is necessary for a green recovery

Carbon taxation revenue rose by 50% in 2017 – or did it?

State of play in tax policy:

What taxpayers should expect from COP26

Will Biden take a strong tax route on climate change?

The European Green Deal: The challenges for industry

US companies gain benefits under tailored carbon taxes

Taxation of plastics could trigger a litigation wave

Natural gas industry stands to gain from a carbon tax

North Sea oil offers alternative to raising UK corporate tax

ESG strategy and compliance:

Tax teams will play a central role in company ESG compliance

Tax is advancing ESG outcomes at Uber and other large businesses

In-house tax functions can help reduce corporate carbon footprints

Tax team principles can support corporate environment goals

Oil and gas nations:

How the MLI affects O&A upstream assets on entry and exit in Kazakhstan

Tax directors should change how they think about VAT in the GCC

Saudi Arabia sets the Gulf standard for TP reform

How Bapco is getting ready for VAT in Bahrain

Transparency and the environment:

Tax transparency increasingly crucial for attracting investment

How tax transparency is driving environmental accountability

Corporate transparency without context is simply data open to interpretation

Stay up to date

As our reporters provide more insight on climate tax developments, we will update the above list of stories for you.

more across site & shared bottom lb ros

More from across our site

Heads of tax need to push their teams forward as strategic business advisers to add value across the organisation, says Sandy Markwick
Scott Bessent reportedly felt undermined by Musk naming Gary Shapley as acting IRS commissioner; in other news, Baker Tilly will combine with a top 15 US firm
The promise of nine years’ tax certainty and a ‘rational and pragmatic’ government process makes APAs a no-brainer, Indian tax advisers tell ITR
Despite garnering significant revenues from multinationals, Italy’s digital services tax presents pressing double taxation issues, say Stefano Simontacchi and Francesco Saverio Scandone of BonelliErede
ITR’s research shows that in-house tax counsel in Asia also feel underserved by their advisers’ international networks
World Tax global head of research Jon Moore tells ITR how his team spots standout submissions, and gives early statistical insights into this year’s entries
Australia’s conservative opposition will repeal controversial tax agent reporting rules if elected in the country’s May general election
Shapley would be the fourth person to hold the job this year; in other news, UK tax advisory firm MHA raised fewer funds than expected from its London IPO
The US needs to be involved in pillar one for there to be more international acceptance of the project, Michael Masciangelo says
The UK regulator is investigating EY’s auditing of the national postal service as it relates to the high-profile Horizon scandal, which saw hundreds wrongfully convicted
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