Tag : EU Levy

Since January 1st, 2021 a new Plastic Tax has been introduced in the European Union. The EU Packaging Levy has been in put place as part of the EU COVID-19 recovery fund. The funds raised from this revenue stream will bolster EU budgets between 2021 and 2027 alongside other environmental taxes such as the ‘Carbon Border Adjustment Mechanism’ or Carbon Border Tax.

5th August: Carbon Border Tax Will Raise €10bn for EU On Wednesday, July 14th, the European Commission put forward plans for the world’s first Carbon Border Tax. This is also known as the Carbon Border Adjustment Mechanism (CBAM).