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EU carbon border levy boils down to three options, top tax official says

By Giulia Bedini ( January 20, 2021, 17:22 GMT | Insight) -- An EU carbon border levy would likely be proposed as either an import tax, an excise duty on carbon-intensive goods or a “notional” Emissions Trading System, the head of the European Commission taxation department said today. The aim is to give “individual producers” a right to claim their status vis-à-vis the measure, Gerassimos Thomas said.An import tax, an excise duty on carbon-intensive goods and a “notional” Emissions Trading System are the three main design options that the European Commission is now considering for an EU “carbon border adjustment mechanism,” Gerassimos Thomas, who heads the EU executive’s taxation department, has said today....

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