Treasury urged to remove VAT on energy efficiency measures

Trade body says elimination of the VAT could help rapid carbon reductions

El Salvador to build volcano-powered ‘Bitcoin City’

Residents of the city will not have to pay taxes, EL Salvador President said

Elon Musk sells another £724m of Tesla shares to pay taxes

This follows the £3.7bn he sold last week after votes in a Twitter poll

NAO: Landfill tax rise by 700% triggered spike in fly-tipping

National Audit Office has called on the HM Treasury to have a broader insight into the environmental impact of taxes

Turning up the Heat: The Green Gas Levy

UK gas prices are currently amongst the lowest in Europe. Wholesale prices are highly competitive, taxes are relatively low, and for business users, at least, network costs account for a relatively low proportion of the bill.

Global carbon tax ‘needed to tackle climate crisis’

The International Monetary Fund warns the “window of opportunity” for containing global warming is closing rapidly

Fuel taxes ‘are far too low to drive shift to cleaner options’

The OECD claims 70% of energy-related carbon dioxide emissions from advanced and emerging economies are completely untaxed

OECD: Taxes on polluting energy sources ‘too low’

Taxes on polluting forms of energy are too low to curb their use and fight against climate change. That’s the suggestion from the Organisation for Economic Co-operation and Development (OECD), which says advanced economies should use taxation systems better to reduce energy use, improve energy efficiency and drive a shift toward low carbon sources of […]

UK oil consultancy director banned for not paying taxes

An oil consultancy director has been banned for not paying his taxes. Graeme Rogerson, who was the sole director of GKTD Limited, has been disqualified from acting as a director for five years after paying himself more than £379,000 up to January 2015 but not his taxes. HM Revenue and Customs was the company’s only […]

Energy is “mispriced” says IMF boss Christine Lagarde

Energy is “pervasively mispriced” around the world the International Monetary Fund’s Managing Director Christine Lagarde declared yesterday. Her comments came as the IMF published a report which found reforming taxes could significantly reduce pollution-related deaths. In a speech at the Center for Global Development, Lagarde argued government policies must push for “responsible” energy prices to […]