Currently the answer would be no, but if they were going to be penalized for not doing so, and that penalty was coupled with an incentive for accomplishing the objective, then it would probably be a no-brainer, even based on the businessman's viewpoint.
Peter Coy states; "A few polluters that cannot easily reduce emissions will pay a substantial cost, but those with the technology to cut emissions cheaply will have a far greater incentive to do so than they would have under traditional regulation." The same technology used to accomplish a cleanup, can also be used for other reasons, which is an additional benefit to the corporations.
Another benefit derived from changing the tax code, is that the tax code itself will become an instrument of 'good'. Instead of providing individuals and corporations with incentives to commit 'bad' acts, the tax code could be used to reward 'good' acts, and punish 'bad' acts.
Many experts agree with this statement including J. Andrew Hoerner, the director of research at Redefining Progress (an online Public Affairs Institute) who states; "By taxing activities we want to discourage such as waste and pollution, the tax system can be made to do double duty. Not only does the revenue serve the public interest, but the tax does too."
It would seem, therefore, that the idea of taxing corporations according to the amount of pollution the corporation is generating would be a relatively good idea.
The tax would most likely need to be offset by a reduction in other corporate taxes in order to be palatable...
Enron could engage in their derivative trading strategy with no fear of government intervention because derivative trading was specifically exempted from government regulation. Due in part to a ruling by the Commodity Futures Trading Commission's (CFTC) chairwoman, Wendy Graham, derivatives remained free of regulatory oversight. Ms. Graham, wife of Texas senator Phil Graham, made this ruling 5 weeks before resigning as chairwoman of the CFTC and joining the Enron Board
doind a research project pay green? I collected an articles . In order to be able to comprehend how being green pays off, one must concentrate on the relationship between employing environmental attitudes and economic performance at a company level. Being green is especially important in the present and there is a wide range of domains that people have addressed when concerning the concept. "Some studies have shown that students who
Sustainable Development - a Global Challenge Need for Change State Sovereignty Sustainable Development Challenges for Businesses The Role of MNCs in Sustainable Development The Global Compact Initiatives outside the Global Compact What is International Sustainable Development Law (ISDL)? International Environmental Law and its Impact on Australia Sustainable Development: A Global Challenge For many years, sustainable development has been one of the controversial issues faced by world leaders and citizens (Parmetier, 2002). The issue pervades both private and public sectors, and is
Literature Review, Analysis and Discussion 7,500 words This section presents a review of the recent relevant peer-reviewed and scholarly literature concerning environmental sustainability in general and how environmental sustainability initiatives can help multinational corporations of different sizes and types achieve a competitive advantage in particular. Literature Review. According to Michalisin and Stinchfield (2010), "There is widespread consensus that human activity has had a significant impact on global climatic patterns which will have
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now