Concrete Plan for Environmental Tax (basic outline)
Purpose To require all taxpayers, including businesses and households, to be involved in a fair contribution to climate change measures according to their volume of emissions.
To promote large emitting businesses to take measures by enlightening tax rate on those which make efforts to reduce emissions.
Objects of the taxation All types of fossil fuels.
Stage at which the tax (1) Households & offices
is imposed kerosene, gasoline, LPG (Stage of shipment from refineries)
(2) Factories
coal, heavy oil, light oil, natural gas, jet fuel (Paid by tax return by large emitting companies)
(3) Electric producing companies, city gas producing companies material for producing electricity and city gas
(Paid by tax return)
Tax rate 2,400 yen/carbon ton
* Tax on the material for producing electricity is supposed to be 0.25 yen/kWh)
* gasoline 1.5 yen/L, etc. )
* Tax burden on an average household: 2,000 yen a year (170 yen a month )
>>> Tax on gasoline, light oil, and jet fuel is tax-free for the time being considering the rise of oil prices these days, etc.
Tax revenue 360 billion yen