the carbon tax was introduced in australia in 2011.
when was the carbon tax introduced in australia?
in 2011
in october 2009, vice finance minister chang sheng-ho announced that taiwan was planning to adopt a carbon tax in 2011. however, premier wu den-yih and legislators stated that the carbon taxes would increase public suffering from the recession and that the government should not levy the new taxes until taiwan's economy has recovered. he opposed the carbon tax. many taiwanese citizens are opposed to tax increases as well. however, chung-hua institution for economic research (cier), the think-tank that was commissioned by the government to advise on its plan to overhaul the nation's taxes, had recommended a levy of nt$2,000 (us$61.8, £37.6) on each tonne of co emissions. cier estimated that taiwan could raise nt$164.7bn (us$5.1bn, £3.1bn) from the energy tax and a further nt$239bn (us$7.3bn, £4.4bn) from the carbon levy on an annual basis by 2021. if taiwan does pass the carbon tax policy, taiwan would become the first asian country with taxation on carbon emissions. due to the amount of revenues from such a comparatively high carbon tax, the government is planning to subsidize low income families and public transportation by using the revenues from carbon taxes.
carbon tax
on february 19, 2008, the province of british columbia announced its intention to implement a carbon tax of $10 per tonne of carbon dioxide equivalent (coe) emissions (2.41 cents per litre on gasoline) beginning july 1, 2008, making bc the first north american jurisdiction to implement such a tax. the tax will increase each year after until 2012, reaching a final price of $30 per tonne (7.2 cents per litre at the pumps). unlike previous proposals, legislation will keep the pending carbon tax revenue neutral by reducing corporate and income taxes at an equivalent rate. also, the government will also reduce taxes above and beyond the carbon tax offset by $481 million over three years. in january 2010, the carbon tax was applied to biodiesel. before the tax actually went into effect, the government of british columbia sent out "rebate cheques" from expected revenues to all residents of british columbia as of december 31, 2007. in january 2013, the carbon tax was collecting about $1 billion each year which was used to lower other taxes in british columbia. terry lake, the minister of the environment of british columbia, said ""it makes sense, it's simple, it's well accepted.""
carbon tax