4 ms·
> It's absurd to tax something that can so easily migrate to a different country It creates an incentive in that country to tax it. If you have followed EU's C
by BenoitP 3y ago
> It's absurd to tax something that can so easily migrate to a different country
It creates an incentive in that country to tax it. If you have followed EU's Carbon Border Adjustment Mechanism, it is exactly how the EU intends to export its legislation. It says: your imports are going to be taxed on their CO2 emissions, unless you implement a tax of your own on their CO2 emissions. The exporting country now has every incentive to tax it and remove the tariff.