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Carbon Tax

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Carbon Tax
A proposed tax that would be levied against high consumers of heating oil, gasoline, electricity, etc., in an effort to reduce the emission of greenhouse gases


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The European Union's presidency on Wednesday spoke out against French and German calls to impose a carbon tax at the EU's borders, saying it could hurt international climate negotiations.
Vice Premier Chu Li-lun, who chaired the meeting yesterday, noted that the two taxes will be based on separate legislations and energy tax will be levied first, adding that the timing for the imposition of carbon tax will be set according to economic status, energy prices, and international competitiveness.
Advisor to Prime Minister on Petroleum further clarified that Supreme Court directly issued a notification to OGRA to withdraw carbon tax and OGRA without the consideration of the Government notified for withdrawal of carbon tax and in this connection We did not receive any letter from OGRA.
 
 
 
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