Definition
Environmental tax is a tax levied on activities or products that have a negative impact on the environment, such as pollution, waste generation, or resource depletion. Environmental tax rates may vary depending on factors such as the level of environmental harm caused and the desired policy outcomes, such as encouraging sustainable practices or mitigating climate change. Environmental tax revenue is used to fund environmental conservation efforts and incentivize eco-friendly behavior.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.