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Tax and climate change – new horizons for tax practitioners


An international greenhouse gas abatement regime is likely to be enacted in one form or another very soon. It is highly likely that some form of tax will be an important part of that regime, at least initially, and it will not be a mere “nuisance tax”. In the absence of a tax component, there is a real risk that the fiasco of the European Union Emissions Trading Scheme will be repeated. Important issues of tax design need to be resolved and the application of conventional principles to a tradable credits regime will present some difficulties in the absence of statutory intervention.

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Author Photo - David Russell CTA-Life
David Russell CTA-Life
David commenced legal practice in 1974. He is admitted to practise in Australia, England and Wales (Lincoln’s Inn), the Courts of the Dubai International Financial Centre, New York (as a Legal Consultant), New Zealand and Papua New Guinea. He was appointed Queen’s Counsel in 1986. David has acted for Commonwealth and State Governments as well as individuals and corporations and was the President of The Tax Institute from 1993 to 1995. Current at 01 October 2014 Click here to expand/collapse more articles by David RUSSELL.
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