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Use taxes for a better world, says thinktank

Monday 14 May 18 10:00am


TAXES SHOULD be aiming at keeping human activity within the planet’s physical capacity – and that means carbon prices that deliver fast, deep and sustained emissions reductions, the Government’s Tax Working Group has been told.

New Zealand’s current Emissions Trading Scheme, which allows for both the issuing of limitless numbers of carbon and has a $25 price cap on carbon, comes in for sharp criticism in a submission to the working group from a group of eminent New Zealanders.

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