OECD discussion draft: Tax treaty issues related to the trading of emissions permits - CIOT comments
The CIOT comments, sent the OECD on 28 October 2011, regarding their discussion draft on the tax treaty issues related to the trading of emissions permits.
This document plus the discussion draft to which it refers are available in Adobe (pdf) format.
The effort to limit emissions related to global warming has led to an increased use and interest in emissions trading programmes as a mechanism to achieve reductions in emissions of carbon dioxide and other greenhouse gases in an economically efficient manner. These emissions trading programmes present both domestic and international tax issues, including tax treaty issues.
The Committee on Fiscal Affairs, through its Working Party 1 on Tax Conventions and Related Questions, has examined the tax treaty issues related to the trading of emissions permits. This public discussion draft includes the preliminary conclusions reached by the Working Party on these issues.
31 October 2011