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Words: | Submitted: Fri Jan 28 2005
... incorporating the cost of environmental damages and repairs onto the goods and services. However some of these taxes are interlinked and in some cases taxes are set based on economic values of the damages done. Common or current examples of environment tax would be taxes such as "Fossil fuel tax" which is widely practiced is the US, this tax is paid every time fuel is manufactured or bought, these taxes are imposed for a variety of reasons, but often justified for environmental reasons, various industrialized countries, particularly the OECD members, have imposed or proposed carbon taxes on various types fossil fuels. These carbon taxes are domestic taxes and are not tariffs. The rate of tax can vary according to the amount of carbon residuals that are contained. "Landfill tax" (paid every time rubbish is throne/dumped on the land). This was first introduced on October 1998, in UK. This was to encourage consumers ...
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