Carbon Taxes, Billionaires’ Taxes on Horizon: OECD Tax Head

The Organization for Economic Cooperation and Development will likely create a new multilateral process to price climate change policies in anticipation of closer global collaboration on carbon taxes, the Paris-based body’s top tax official said Thursday.

A new “inclusive framework” on carbon taxes will compare the costs of explicit carbon taxes with implicit forms of carbon pricing like regulation and provide a common understanding that can at least help countries speak to each other while negotiations for a global minimum carbon tax remain elusive, Pascal Saint-Amans, director of the OECD’s Center for Tax Policy and Administration, told a tax conference. ...