Swiss Industry To Lower Greenhouse Gases Or Pay Out More Tax by Ulrika Lomas, Tax-News.com, Brussels 12 December 2001 The Swiss government has announced that industries have until 2004 to introduce ways of lowering their emissions by investing in clean technologies and if they fail they will be faced with a carbon dioxide tax in a bid to reduce greenhouse gas emissions by 10 per cent compared with levels in 1990. Philippe Roch, Swiss Environmental Agency boss, told the Swissinfo news service: 'The idea of the law was to allow total freedom for a period of 4-5 years to let the economy take the necessary measures to reduce carbon dioxide emissions.' ' The implementation of a tax is dependent on the results,' he added. 'The industry has reacted very positively saying it wants to invest and will take measures.' .

IMPORTANT NOTICE: THE LOWTAX NETWORK has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright THE LOWTAX NETWORK 1999 to 2009. Contact us for further information.