Published on 01 Jun 07
by "THE TAX SPECIALIST" JOURNAL ARTICLE
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.
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
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