Sticks and carrots for the Green agenda
Tax – often perceived as a form of a stick, aiming to deter businesses from engaging in undesired activities. It usually goes hand-in-hand with the size of the stick, where heftier fines/taxes will result in better compliance.
On the other hand, tax may also play the role of the carrot, where incentives can be handed out to encourage businesses to partake in any activities aligned with national policies and strategies.
Read the commentary authored by Dany Oon, Executive Director of Indirect Tax at KPMG in Malaysia, where he explores the aspects that should be considered in designing the carbon tax framework that can lead to a successful implementation.
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