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Monday, April 29, 2013

U.S. Is #1 in Green Taxes

KPMG:  U.S. Ranks First In 'KPMG Green Tax Index,' Tops Countries Using Tax Code To Shape Sustainable Corporate Activity:

The United States ranked first among 21 countries most actively using the tax code to influence sustainable corporate activity, according to the inaugural edition of the KPMG Green Tax Index, reflecting the country's extensive and long-established program of federal tax incentives for energy generally, including specific incentives for energy efficiency, renewable energy and green buildings.

Japan, the United Kingdom, France, South Korea and China were also among the leading countries using tax as a tool to drive sustainable corporate behavior, according to the index. Key policy areas explored in the index include energy efficiency, water efficiency, carbon emissions, green innovations and green buildings.

"The KPMG Green Tax Index provides important directional insight for corporate sustainability decision makers, CFOs and board members into how countries are using taxes to influence corporate behavior," said John Gimigliano, principal-in-charge of sustainability tax in the Washington National Tax practice of KPMG LLP. "Japan, for example, tops the rankings in its promotion of tax incentives for green vehicle production, while the United States favors a comprehensive system of renewable energy tax incentives. As a result, we're seeing more green cars coming out of Japan and dramatic growth in the U.S. renewable sector."

KPMG

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Comments

Well, that partly explains this: USA meets Kyoto protocol goal – without ever embracing it -- New EIA data shows USA inadvertently meets 1997 Kyoto protocol CO2 emission reductions without ever signing on....

Posted by: Woody | Apr 29, 2013 5:22:55 PM