On November 16, the Organization for Economic Cooperation and Development’s Committee on Fiscal Affairs released comments from three professional organizations representing business and tax professionals on the draft Tax Treaty Issues Related to the Trading of Emissions Permits rule. The comments largely call for clarity and certainty on how profits from carbon trading should be taxed, and reiterate business’ position that the profits should not be treated as royalties. The OECD said a special committee on tax conventions will examine the comments in February 2012.