As the world moves towards net zero, the development of new environmentally friendly technology is increasing in importance. The introduction of green tax incentives in the United States is beginning to impact where green tech developers locate their businesses and where investors spend their capital. The EU has reacted with its own Green Industrial Plan. The UK should respond by introducing targeted incentives for both investors and developers, which are simple to operate and internationally competitive, if it wishes to meet its ambitious net zero commitments and entice green tech developers.
Tax Knowledge Counsel Laura Hodgson and Associate Silvana Van der Velde consider how the UK should respond in this article originally published in The Tax Journal on 21st April.