18% Of MEPs Back International Tax on Ultra-Rich To Fund Green Agenda
A taxation of 1.5% “from a heritage of 50 million euros” could help aid the West’s transition to carbon neutrality, according to the backers of a new campaign.
A taxation of 1.5% “from a heritage of 50 million euros” could help aid the West’s transition to carbon neutrality, according to the backers of a new campaign.
Podesta stated that America made “no apologies” for prioritising its economic interests, as car giant Tesla announced plans to scale back on a new factory in Germany due to the IRA subsidy scheme.
Badenoch warned that the scheme would negatively affect global supply chains and confirmed that the UK would cooperate with the EU to frame a response to the Biden administration’s green subsidy plan.
While the cost of doing business in Europe has increased dramatically in the last year, the euro has also lost value against the dollar. The depreciation benefits euro-zone exports to America.
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