answersLogoWhite

0

A carbon tax is generally considered a good idea as it provides a financial incentive to reduce greenhouse gas emissions, encouraging businesses and individuals to adopt cleaner energy alternatives. By putting a price on carbon, it can help drive innovation in renewable energy technologies and promote energy efficiency. However, critics argue that it may disproportionately affect low-income households and could lead to higher energy costs. Ultimately, its effectiveness depends on how the tax is structured and how the revenue is used.

User Avatar

AnswerBot

6d ago

What else can I help you with?

Continue Learning about Movies & Television

What are six ways that a government can earn revenue?

Income tax, consumption tax (gst/vat), harm tax (cigarettes, alcohol etc), tariffs, corporate tax, fringe benefit tax, Witholding tax, non-resident withholding tax!


What is the tax on 1 553 565?

To calculate the tax on an amount of 1,553,565, you need to know the specific tax rate applicable, as tax rates vary depending on the jurisdiction and type of tax (e.g., income tax, sales tax). For example, if the tax rate is 20%, the tax would be 1,553,565 multiplied by 0.20, resulting in 310,713. If you provide the tax rate or type, I can give a more accurate calculation.


What types of tax are levied on the citizens of South Africa?

VAT - Value added tax Personal Income Tax Company Tax Capital Gains Tax


What economic factors contributed to the French Revolution?

The French had an enormous National debt, prices of bread rose because of a bad harvest. France was in the midst of an economic crisis and had an unfair tax code. The french helped fund the American revolution and thus had no money themselves. With no money in the French government the country revolted. The French economy was in shambles and it was on the verge of bankruptcy. Change in the old tax code was essential.


Is the city monaco in France tax free?

This is a review over the taxes employed:Income Tax - NoneWeath Tax - NoneCorporate Tax - None if less than 25% of turnover is made outside MonacoCorporate Tax - More 25%, the rate is tailored to the company in questionCorporate Income (Profit) Tax - 33% over total turnover (in and outside Monaco)Property Tax - NoneRental Property Tax - 1%

Related Questions

Is carbon tax a good or bad thing?

Carbon tax can be considered a good thing because it provides an economic incentive to reduce greenhouse gas emissions, which can help mitigate the impacts of climate change. However, the effectiveness of a carbon tax depends on its design and implementation to ensure that it does not disproportionately impact low-income households or certain industries.


Is HST good or bad?

For you, bad. For the government, HECK YAH ITS GOOD!!!! If you are talking about the tax thingy.


Why is the carbon tax good for Australia?

It protects the environment and lowers carbon emissions because the tax encourages industry to become cleaner, greener and less polluting.


Why income tax schedules are good or bad?

They are good because without them you couldn't figure out how much income tax you owe.


What were the good and bad things about ancient Rome?

The Good and Bad things about ancient rome are:GoodFreshwater supplyGreat ArchitectureLawsEducationSewers (Technology)Bad SlaveryConstant warsUrine tax


Do 1099R forms need to be mailed with Tax Return?

It would be a good idea to do this with the copy of the mailed paper income tax return.


Where can I find more information on the service tax?

If your business can afford it, it's a good idea to hire a CPA to advise you on tax filings and procedures. Otherwise, a good place to start is www.irs.gov.


When was No Carbon Tax Climate Sceptics created?

No Carbon Tax Climate Sceptics was created in 2009.


What is an example of a tax on consumption?

An example of a tax on consumption would be a sales tax. A sales tax is a tax paid for the sales of goods and services. A consumption tax, it is a tax on something used or "consumed." A sales tax is a good example. Europe has a value added tax which is the same idea.


What is a example of a tax on consumption?

An example of a tax on consumption would be a sales tax. A sales tax is a tax paid for the sales of goods and services. A consumption tax, it is a tax on something used or "consumed." A sales tax is a good example. Europe has a value added tax which is the same idea.


Why do corporations have to pay income tax?

Governments need money, and corporations (in general) have a lot of money, so it seemed like a good idea to tax them.


What does a carbon cap system do?

A carbon cap is the alternative to a carbon tax.