Tax project By Conor O’Brien. Purpose of the proposed tax Firstly to try and attract customers to sustainable products Secondly to make sustainable products.

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Presentation transcript:

Tax project By Conor O’Brien

Purpose of the proposed tax Firstly to try and attract customers to sustainable products Secondly to make sustainable products more competitive in a market with cheap non sustainable projects And finally to generate income for the economy

The Details!! The tax I would like to bring into the system is a tax on excess packaging. An example of where this would come into play is with oranges and apples who are pre packed This tax would also apply to all packaging that not biodegradable, this part of the tax will effect all products who's packaging reaches a certain volume

The figures The tax would be in the form of a levy on the packaging of all non sustainable products This will not apply to all products whose volume is under 10cubic cm Once the products volume surpasses this limit it is subject to a tax of 1% This is increased by 1% for every 6 cubic cm surpassed. i.e. 28cubic cm would receive a levy of 4%

Who decides which products are effected?? A committee would be set up to carry out an investigation into which products would be liable for the levy. It would take an estimate 18months after accepting the levy before it would come into place

What does it do?? It is hoped that the levy will discourage people from buying products with excessive packaging ; which often finds it’s way in land fills and other non green means of disposal It does not effect sustainable products whom fill a criteria to be considered as such, hence making them more competitive in the Irish market This too is decided by the committee