ERC comments on second Draft Carbon Tax Bill
ERC comments on second Draft Carbon Tax Bill.
The Finance Minister announced in the 2018 Budget Speech that the carbon tax “will be implemented from 1 January 2019.” Given that implementation next year, it is crucial that a well-designed tax is implemented. This means among other things an effective tax rate, which is adjusted in relation to our national mitigation goal; and instead of ill-founded allowances including a Jobs and Competitiveness Programme. These comments are based on ERC research and build on comments on previous discussion and policy documents by National Treasury.