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| TPA Produces 'Green Calculator' |
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The TaxPayers' Alliance (TPA) have produced a 'Green Calculator' to help taxpayers find out how much they have paid in green taxes and regulations in the last year. Introducing the calculator, TPA Research Director Matthew Sinclair commented: "There is an important debate to be had about the appropriate level that green taxes should be set at. At the TaxPayers' Alliance, we've investigated the issue with earlier reports and concluded that green taxes are set higher than they should be, based on estimates of the potential harms emerging from global warming produced by senior academics and organisations like the IPCC and the British Government. Many people agree with us that green taxes have gone too far, others think the current level is about right or that further increases are needed. The final decision should belong to the British public, choosing a party that best represents their views at the ballot box. Unfortunately, politicians are increasingly hiding the impact of these policies from popular scrutiny. Green taxes from Fuel Duty to the Climate Change Levy increase the price of everything from petrol to consumer products. Green regulations like the Renewables Obligation now make up a massive 14% of the average household electricity bill. The massive effect of those green policies in pushing up prices is poorly understood. If ordinary people don't know the bill they're paying that will free Governments to impose ever more costly policies without any democratic scrutiny. Given how many of the existing ones are chronically ineffective at achieving their objectives despite costing ordinary taxpayers a fortune that would be a disaster." TaxationWeb welcomes this initiative by the TPA, and reproduces the Green Calculator on TaxationWeb with the TPA's kind permission.
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About The Author  Mark McLaughlin is TaxationWeb's Co-Founder, Director and Technical Editor. He is a Fellow of the Chartered Institute of Taxation and a member of the Association of Taxation Technicians and the Society of Trust and Estate Practitioners. He lectures on tax subjects, is co-author of Tottel's IHT Annual and Ray & McLaughlin's IHT Planning, and Editor of Tottel's Tax Planning and Annual series. Mark's work has also been published in Taxation, Tax Adviser, Tolley's Practical Tax, Tax Journal and Simon's Weekly Tax Intelligence. Since January 1998, Mark has been a consultant in his own tax practice, Mark McLaughlin Associates, which provides tax consultancy and support services to professional firms. He publishes a regular 'Tax Update' e-Newsletter for clients and other professional firms. To receive future copies, contact Mark via his website. |
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Article Added Tuesday, 21 April 2009 | 1604 Hits |
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