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severance tax
(redirected from Ecotax)

   Also found in: Wikipedia 0.01 sec.
severance tax
n.
A tax imposed by a state on the extraction of natural resources, such as oil, coal, or gas, that will be used in other states.


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Industrial companies pay only 60 per cent of the standard ecotax rate on electricity, and zero per cent on fuel.
See Adam Chase, Ecotax International: Comments on Taxation for Environmental Protection: a Multinational Legal Study, 23 ENVTL.
Cancelling Third World debt, taxing capital flows, creating an ecotax for transport: these are steps towards a world of true democracy, with justice and freedom available for all people -- rather than for economic abstractions.
 
 
 
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