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  1. Business - Companies

    Tax probe places Deutsche Bank’s ethics in spotlight

    Posted Dec 17th 2012, 11:58am by AFP

    ... “green” skyscrapers in the early hours of Wednesday and hundreds of investigators stormed the building in search of evidence of widespread tax fraud. Particularly embarrassing was the announcement that Fitschen himself was under suspicion of being privy to a scheme to avoid paying sales tax in the trading of carbon emissions certificates. Fitschen, 64, went on the offensive to proclaim his ...

  2. News - World - AVIATION

    Beijing applauds EU freeze on aviation carbon tax

    Posted Nov 14th 2012, 12:00am by Toh Han Shih

    ... at EU's carbon tax freeze China, along with the aviation industry, has applauded the European Union's suspension of its carbon tax for one year on flights to and from non-EU countries. The tax faced bitter opposition from Beijing and the rest of Asia. Foreign Ministry spokesman Hong Lei welcomed the EU's move, according to the ministry's website. China would take part ...

  3. Comment - Insight & Opinion

    Incentives may work where a carbon tax fails

    Posted Oct 31st 2012, 12:00am by Dennis Posadas

    ... Dennis Posadas Dennis Posadas suggests an alternative to the politically challenging cap-and-trade laws Incentives may work where a carbon tax fails As Australian Prime Minister Julia Gillard's experience with a carbon tax shows, often it is never easy to impose a tax on the vast majority of people to solve a common problem. Because of the widespread opposition to the carbon tax ...

  4. Still time to resolve carbon tax dispute

    Posted Feb 16th 2012, 12:00am

    ... flight. Beijing and other capitals argue that imposing taxes beyond territorial limits amounts to an infringement of sovereignty. The State Council has barred mainland carriers from complying ... there will be no backdown and that the law carries fines for airlines that ignore the scheme. Climate action may be a mission to save the world, but the unilateral, extraterritorial imposition of such a tax ...

  5. Beijing mulls industry carbon tax for 2015

    Posted Jan 06th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com Beijing is considering imposing an emissions tax by 2015, which will hit the biggest industries that burn fossil fuel and encourage them to invest ... had submitted a new carbon tax proposal to the ministry. It suggested the tax be rolled out sometime between next year and 2015, targeting the largest fossil-fuel burners that emit greenhouse ...

  6. Beijing tells airlines not to pay EU carbon tax

    Posted Feb 07th 2012, 12:00am

    ... Charlotte So charlotte.so@scmp.com Beijing has thrown down the toughest gauntlet yet to the European Union's plan to impose a carbon charge on global airlines. The State Council yesterday banned mainland carriers from taking part in the EU's emi ...

  7. Time running out for carbon tax deal

    Posted Nov 10th 2011, 12:00am

    ... Common sense has to prevail so that a reasonable international emissions scheme can be put in place. There is nothing wrong in European minds with what amounts to a tax of around HK$400 per ... the part within European airspace. Airlines and governments outside the EU perceive it as unfair, contending it imposes taxes beyond the EU's territorial limits and discriminates against ...

  8. Carbon tax fallout all up in the air

    Posted Oct 12th 2011, 12:00am

    ... Hong Kong stopping over at a hub near Europe just to minimise a tax on direct flights to the continent. The extra flying time and landing and take-off would increase the flight's carbon footprint and harm the environment. This is the opposite of the intention of a proposed new carbon tax on airlines by the European Union. This bizarre scenario cannot be ruled out. A legal opinion ...

  9. Government to burn billions in taxes on incinerator instead of making waste pay

    Posted Sep 26th 2011, 12:00am

    ... I refer to the letter by Samson Lai of the Environmental Protection Department ('Massive reduction of plastic shopping bags ending up in our landfills', September 12). Mr Lai said the department welcomed people's views on how to protect the ...

  10. Green tax to hit air passengers

    Posted Sep 06th 2011, 12:00am

    ... Charlotte So charlotte.so@scmp.com Asian airlines including Cathay Pacific are likely to have to pay up to US$400 million a year for their carbon emissions on European routes from January- a cost likely to be passed on to passengers. The green tax, imposed by the European Union in an attempt to lower greenhouse gas emissions, would mean an extra cost of US$8 per passenger ...




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