Re:Microsoft’s quest to go ‘carbon negative’ inspires $1B fund
by scotty79 on Friday January 17, 2020 @09:07AM
(#22074684)
> Unfortunately I can't imagine how diplomacy could achieve something like that, given the extremely uneven distribution of resource extraction industries.
You can still tax resource extraction industries in your country and importers of energy resources (if country of origin has lower carbon tax than your country).
This is already done for income tax. You are taxed on your foreign income but you can deduce the tax you already paid to foreign country.
This could impact your exports but with the money from carbon tax you could lessen the tax burden on manufacturers of your exports or even finance them directly.
You can still tax resource extraction industries in your country and importers of energy resources (if country of origin has lower carbon tax than your country).
This is already done for income tax. You are taxed on your foreign income but you can deduce the tax you already paid to foreign country.
This could impact your exports but with the money from carbon tax you could lessen the tax burden on manufacturers of your exports or even finance them directly.