China’s Carbon Tax

As a tax policy person, it’s heartening to see China reportedly preparing to tax carbon “proactively,” while America can’t enact the weak substitute, cap and trade.  The leading Chinese paper gets into the economic effects, but doesn’t get to the heart of the matter, tax evasion.  Still.  That paper is “The Design on China’s Carbon Tax to Mitigate Climate Change.”  “On” is not a typo:

Continue reading “China’s Carbon Tax”

Colorado panel recommends new marijuana tax

Having worried that Colorado’s Amendment 64 probably tended to undertax marijuana in “Gangs, Ganjapreneurs, or Government: Marijuana Revenue up for Grabs,” 66 State Tax Notes 255-269 (October 22, 2012), online at http://ssrn.com/abstract=2165864, I’m glad to read about a new-starter tax, though the details remain to be seen:

(From Jacob Sullum:) The Denver Post reports that the task force wants marijuana to be heavily taxed. Continue reading “Colorado panel recommends new marijuana tax”