World Business News

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OECD calls for Canada to consider Carbon Tax

Zone(s): Canada ¦ Sector(s): Taxation (Carbon Tax)

[23 June 2014,]  By Ulrika Lomas,, Brussels: On June 11, 2014, the Organization for Economic Cooperation and Development’s (OECD) Secretary General, Angel Gurría, presented the latest economic survey of Canada, which recommends certain tax-based reforms to address the environmental costs of resource extraction and improve fiscal sustainability. Launching the report at the 20th Annual Conference of Montreal, Gurría said: “The exploitation of non-renewable resources must be carefully managed, both to minimize negative environmental impacts today, and to ensure a better tomorrow for future generations.”