In the latest post as part of the ‘Plan B for Business‘ blog series produced by The B Team in partnership with Huffington Post, Femke Groothuis of The Ex’Tax Project argues that a fundamental change in traditional tax systems can have huge positive effects for people and planet.
The concept of an Ex’Tax was outlined in a previous blog post by Groothuis, in which she described how more taxation of natural resources and less taxation of labour could incentivize investment in people while de-incentivizing environmental degradation.
Putting the concept to a test, a report titled New Era, New Plan has just been released by The Ex’Tax Project in cooperation with the 4 biggest accounting firms in the world (Deloitte, EY, KPMG Meijburg and PwC), profiling a case study in the Netherlands.
The reports findings detail how our current tax systems are in fact a barrier to solving some of the world’s biggest challenges including climate change and unemployment, and that a tax shift could provide hundreds of thousands of jobs in the Netherlands alone while preserving the environment.
To read more about the report’s findings click here.