Tax

[New] Global fossil fuel taxes, mostly in OECD countries and on oil products, yield around $800 billion in revenues annually: Renewable-energy subsidies were $66 billion in 2010 and will reach $250 billion by 2035.
Coal has been driven out of the electricity system due to rising taxes on carbon emissions, and will be banned by the government from 2025 to help the UK meet its climate targets.
The US can make progress in reducing emissions by extending tax credits: Extending and expanding tax credits through 2025 for zero-emitting generation including wind, solar or nuclear could achieve reductions of up to 125 million tons compared to current policy in 2025.
Some countries have made progress over the past two decades, and if all countries were to reduce corruption in a similar way, they could gain $1 trillion in lost tax revenues, or 1.25 percent of global GDP.
Expect the market to rebound in 2020, as residents' desire to purchase will gradually recover and some of China's measures including tax cuts have increased people's disposable incomes.
The threat of digital taxes and tougher scrutiny of technology tie-ups has caused tech deals to dry up in the UK this year.
Labour plans to seize a staggering £300bn of company shares will hit pensioners and see investors flee Britain.
The mmWave 5G applications will make up an increasing proportion of the overall 5G contribution to global GDP, achieving around 25% of the cumulative total by 2034, which amounts to $565 billion in GDP and $152 billion in tax revenue.
The recent tax cuts by the government and interest rate cut by the Reserve Bank of Australia to 1% which was expected to boost expectations, saw an opposite reaction from consumers.
The mobile industry is expected to add $565 billion to global GDP and $152 billion in tax revenue from 2020 to 2034 from mmWave spectrum alone.
China's total energy consumption and carbon emissions could peak in 2025, five years ahead of the timeline for the Paris Agreement, if a new carbon tax is implemented and non-fossil fuel energy assumes a greater share of the energy mix.
BC's policies on housing will cost it $400 million in tax revenue and damage the BC economy for years to come.
Earlier this year, lawmakers in New York City agreed on a plan to implement a congestion tax in Manhattan, which will be the first in the United States.
With Section 301 action pending, the French digital tax could provide a useful soundbite for Trump's America First trade vision, without actually having to escalate trade tensions with the EU should the US economy start to look more fragile during the 2020 election season.
The tariffs imposed over the past year have not worked, and there's no evidence another tax increase on American businesses and consumers will yield new results.
National Treasury will publish a white paper in 2019 to consider new taxes to address air pollution, climate change, efficient water use and ways to restrict and recycle single-use plastics.
New technologies will cause more harm than good in the coming decade and 67 percent want the EU to tax companies that automate work.
Any digital company with revenue of more than €750m ($850m; £670m) - of which at least €25m is generated in France - will now be subject to the tax, which will be retroactively applied from early 2019 and is expected to raise about €400m in revenue this year.
As an indication of the potential returns for such a UK tax, 5 per cent levied on digital advertising services and services provided by online marketplaces / intermediaries would yield an expected gross tax revenue of about £2.02 billion.
The US rapidly maturing solar industry will continue to receive tax credits in perpetuity, as the investment tax credit for utility-scale projects is only stepping down from its current 30 percent to a floor of 10 percent in 2021.
The Kansas Legislative Research Department forecasts that tax revenues will begin declining as soon as next year, as economic growth slows.

See full forecast

Last updated: 13 October 2019