Carbon tax

Vice President Cevdet Yılmaz has said there are strong demands from the labor and employer sectors on taxation and that he supports these demands, pointing to radical changes.

"This is an issue we should work on," Yılmaz said after meeting with representatives of the business world as part of preparations for the Medium-Term Program (MTP) to be announced next month.

The European Union's major trading partners, including Türkiye, will be impacted by the bloc's carbon tax, experts have said.

The competition will intensify for the nations which are slow in preparations to comply with the carbon tax regulations, such as Türkiye, China, India, the U.S., the U.K. and Canada, they warned.

Besides its aging population, Greece's assets are also showing signs of wear and tear. The European Parliament voted this month to impose a carbon tax on both housing and transport, but statistics point to a very serious problem in the deterioration of the quality of property and vehicles in this country.

Ljubljana – Environmental taxes paid into the national budget amounted to EUR 1.309 billion in 2020, 18.4% less than in the year before. Energy taxes represented more than four-fifths of the overall tax take, while almost two-thirds of total taxes was paid by households.

Scientists at the University of Colorado at boulder (USA), predict a catastrophic decline in human intelligence due to the increased carbon dioxide content in the atmosphere, according to the website Phys.org.

Researchers tracked how increased levels of carbon dioxide affect children's learning.

A new climate tax, which is being introduced in many European countries and is likely to become mandatory for EU countries, is on the way to significantly increase the cost of airline tickets, especially those sold by the so-called low cost airlines.

The promised Single Property Tax (ENFIA) discount will have a ceiling of 100 euros per owner, according to an amendment tabled in Parliament for a Health Ministry bill on Wednesday.

The International Monetary Fund (IMF) has called for the introduction of a global tax on carbon dioxide to combat climate change.

The adjustment of the property prices used for tax purposes (known as "objective values") and the creditors' strong opposition to government plans to shift the tax burden from owners of small properties to those with large properties is opening the door to a reduction of the burden on those with assets worth over 200,000 euros.

The government is considering a new property tax to replace the existing ENFIA after 2018, whose calculation will be based not only on the value of each taxpayer's property assets but also on their annual income.