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

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

Copyright © Legal Benchmarking Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

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 & bottom lb ros

More from across our site

Luxembourg saw the highest increase in tax-to-GDP ratio out of OECD countries in 2023, according to the organisation’s new Revenue Statistics report
Ryan’s VAT practice leader for Europe tells ITR about promoting kindness, playing the violincello and why tax being boring is a ‘ridiculous’ idea
Technology is on the way to relieve tax advisers tired by onerous pillar two preparations, says Russell Gammon of Tax Systems
A high number of granted APAs demonstrates the Italian tax authorities' commitment to resolving TP issues proactively, experts say
Malta risks ceding tax revenues to jurisdictions that adopt the global minimum tax sooner, the IMF said
The UK and what has been dubbed its ‘second empire’ have been found to be responsible for 26% of all countries’ tax losses by the Tax Justice Network
Ireland offers more than just its competitive corporate tax environment but a reduction in the US rate under a Trump administration could affect the country, experts tell ITR
The ‘big four’ firm was originally prohibited from tendering for government work until December 1 due to its tax leaks scandal, but ongoing investigations into the matter have seen the date extended
Approximately 74% of MAP cases in 2023 reached a full resolution, but new transfer pricing MAP cases fell by 16%
Brazil is looking to impose the OECD’s 15% global minimum tax on multinationals; in other news, PwC is set to pull out of Fiji
Gift this article