CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Switzerland Warns Of Carbon Tax Hike

Switzerland Warns Of Carbon Tax Hike

by Ulrika Lomas, Tax-News.com, Brussels

22 July 2014


Switzerland will hike its carbon tax from CHF60 (USD67) per ton to at least CHF72 per ton from 2016 if the Government's 2014 emissions reductions target is missed.

If carbon emissions from fuels are above the threshold of 76 percent of 1990 levels, the tax will rise to CHF72. If a 78 percent threshold is breached, the levy will increase to CHF84 per ton. Emissions must therefore be at least 24 percent lower than 1990 levels to avoid a hike.

The warning came as it was revealed that 2013 emissions came in at 80.7 percent of 1990 levels. The Federal Office for the Department attributed a year-on-year increase in fuel to relatively colder weather. When the figures are weather-adjusted, emissions fell by 1.7 percent on 2012 levels.

TAGS: environment | tax | revenue guidance | tax rates | carbon tax | Switzerland | tax reform

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »