GC: n
CT: There is evidence to suggest that not all corporate tax teams are fully aware of the landscape of green tax in which they operate and the incentives that may be on offer. For example, in March 2012, Bloomberg BNA surveyed tax accountants and tax lawyers in the US to gauge knowledge and awareness of tax incentives for clean energy.
Two-thirds of those interviewed were unaware of how US clean energy tax credits work.
This is a concern. As environmental and social challenges gather pace, future business value depends on carving competitive advantage out of complex and unpredictable risks. In most sectors it requires transformational change
S: http://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/green-tax/Documents/kpmg-green-tax-index-2013.pdf (last access: 13 February 2015
N: 1. green (adj): Old English grene “green, young, immature, raw,” earlier groeni, from Proto-Germanic gronja-, from PIE root ghre- “grow” (see grass), through sense of “color of living plants.”
tax (n): early 14c., “obligatory contribution levied by a sovereign or government,” from Anglo-French tax, Old French taxe, and directly from Medieval Latin taxa, from Latin taxare (see tax (v.)). Related: Taxes. Tax-deduction is from 1942; tax-shelter is attested from 1961.
2. The tax with an ecological objective or associated with a particular use of resources in the environment or with the damage produced in the environment by a particular activity.
green tax: term and definition reproduced from the CAPITAL Business Dictionary with the permission of LID Editorial Empresarial.
green tax: term recommended by the Terminology Committee and standardized by the Validation Committee of the Sustainable Mobility Glossary.
3. Green taxes (also called “environmental taxes” or “pollution taxes”) are excise taxes on environmental pollutants or on goods whose use produces such pollutants. Economic theory suggests that taxes on polluting emissions will reduce environmental harm in the least costly manner, by encouraging changes in behavior by those firms and households that can reduce their pollution at the lowest cost. In practice, green taxes-even indirect ones, on proxies for emissions or on related goods-have rarely been imposed. Some examples can be found in Europe, but virtually none in the United States.
S: 1. OED – http://www.etymonline.com/index.php?allowed_in_frame=0&search=green&searchmode=none; http://www.etymonline.com/index.php?allowed_in_frame=0&search=tax&searchmode=none (last access: 13 February 2015). 2. TERMIUMPLUS. 3. http://www.taxpolicycenter.org/briefing-book/key-elements/environment/what-is.cfm (last access: 13 February 2015).
SYN: 1. environmental tax. 2. eco-tax, ecological tax, environmental levy. 3. pollution tax.
S: 1. GDT; TERMIUMPLUS; http://www.taxpolicycenter.org/briefing-book/key-elements/environment/what-is.cfm (last access: 13 February 2015). 2. TERMIUMPLUS. 3. http://www.taxpolicycenter.org/briefing-book/key-elements/environment/what-is.cfm (last access: 13 February 2015).
CR: ecology, environment.
