eco-tax

eco-tax

n
(Banking & Finance) a tax levied on services, products, etc that adversely affect the environment
Mentioned in ?
References in periodicals archive ?
MILLIONS of British holidaymakers could be hit by a new eco-tax when they visit Spain's Balearic Islands next summer.
HOLIDAYING families hit by higher prices face another blow in the summer - a two euro a day eco-tax.
As of 1 January 2015, Macedonia is to introduce an eco-tax for import and sale of electrical appliances.
Linpac Packaging has developed a new range of hinged bakery boxes for morning goods which are lighter than previous designs to ease the eco-tax burden on retailers and manufacturers across Europe.
Equally significant, EMAS has been combined with traditional regulation and market-based instruments in Germany where light touch inspection regimes and/or reduced eco-tax charges were granted to those EMAS registered firms which adopted energy management plans to reduce their energy consumption.
He also brought a draft policy for charging eco-tax from tourism sector operating in tiger reserves to help the poor living in forests to sustain themselves.
Most eco-tax incentives are offered at the state and local levels and provide benefits beyond traditional income tax savings, such as sales and use tax exemptions or property and real estate tax abatements.
It says an independent assessment and rating of recyclability should be supported by a variable eco-tax system (such as the German green dot systems) and calls for a system of positive marking for recyclability, combined with a material identification system as part of legislative measures to facilitate sorting and to improve awareness among the value chain.
ACEA is concerned, too, and also about the current wide variations in eco-tax systems amongst the 27 European Union member states.
Poland's Economy Minister Piotr Wozniak told the conference that some kind of eco-tax "probably will not be accepted in every member state".
As Hyvarinen explained, "The Belgians are really pushing for this eco-tax scheme on recycled content and it will distort the market.
She notes that the ecotourism industry in the Balearic Islands fought bitterly against a government proposed tourist eco-tax of less than $1 a day to help offset environmental damage caused by tourist development.