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Tax project. By Conor O’Brien. Purpose of the proposed tax. Firstly to try and attract customers to sustainable products Secondly to make sustainable products more competitive in a market with cheap non sustainable projects And finally to generate income for the economy. The Details!!.
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Tax project By Conor O’Brien
Purpose of the proposed tax • Firstly to try and attract customers to sustainable products • Secondly to make sustainable products more competitive in a market with cheap non sustainable projects • And finally to generate income for the economy
The Details!! • The tax I would like to bring into the system is a tax on excess packaging. An example of where this would come into play is with oranges and apples who are pre packed • This tax would also apply to all packaging that not biodegradable, this part of the tax will effect all products who's packaging reaches a certain volume
The figures • The tax would be in the form of a levy on the packaging of all non sustainable products • This will not apply to all products whose volume is under 10cubic cm • Once the products volume surpasses this limit it is subject to a tax of 1% • This is increased by 1% for every 6 cubic cm surpassed. i.e. 28cubic cm would receive a levy of 4%
Who decides which products are effected?? • A committee would be set up to carry out an investigation into which products would be liable for the levy. • It would take an estimate 18months after accepting the levy before it would come into place
What does it do?? • It is hoped that the levy will discourage people from buying products with excessive packaging ; which often finds it’s way in land fills and other non green means of disposal • It does not effect sustainable products whom fill a criteria to be considered as such, hence making them more competitive in the Irish market • This too is decided by the committee