The European Environment Agency published a study January 9 concluding that households in some European Union countries could see their incomes rise by up to 6.5 percent by 2020 if the EU increases environmental taxes and reduces income taxes. The report, Environmental Tax Reform in Europe: Implications for Income Distribution, found that the move would have a positive impact in all cases from raising household incomes, job creation, eco-innovation, and reduced pollution.
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Positive results from tax reevaluation
- Mintz Levin Cohn Ferris Glovsky and Popeo PC
- David Leiter, Sarah Litke and Daniel Phillips
- European Union
- January 15 2012
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Philip I. Weis
Senior Corporate Counsel
Pfizer