VATupdate

Share this post on

What the EU’s Carbon Border Adjustment Mechanism Means for Europe and the United States

Last week, the European Union approved the world’s first Carbon Border Adjustment Mechanism (CBAM). Well, in name anyway.

The mechanism is a key aspect of the EU’s broader Fit for 55 package which aims to cut 55 percent of net greenhouse gas (GHG) emissions in the EU by 2030. It’s also a foundational aspect of the Commission’s new own resource proposal to fund EU budget initiatives.

Source Tax Foundation

 

Sponsors:

VAT news

Advertisements:

  • vatcomsult