U.S. Ranks #1 in Shaping Corporate Sustainability with Tax Code

green tax index

The U.S. ranks first among 21 countries most actively using the tax code to influence sustainable corporate activity.

According to KPMG’s first Green Tax Index, the U.S. ranks #1 among 21 countries most actively using the tax code to influence sustainable corporate activity. That reflects the country’s federal tax incentives for energy efficiency, renewable energy, and green buildings, and results in strong growth for the U.S. renewable sector.

“The Green Tax Index gives companies insight into how countries are using taxes to influence corporate sustainability.” It can also help decision makers allocate budgets, evaluate global investments around the world, and enhance the return on their green initiatives.

The index identified more than 200 individual tax incentives relevant to corporate sustainability. At least 30 have been introduced since January 2011.

According to the Green Tax Index, the U.S. tax code “provides a range of tax credits, including a production tax credit on renewable energy and tax incentives construction of efficient buildings.

Other top ranking countries include Japan, United Kingdom, France, and South Korea.

Read more about the index at Environmental Leader.

 

By Gaylen Davenport

This entry was posted in Blog, Green News and tagged , , on by .

About Gaylen Davenport

Worldwide provides clients complete turnkey energy efficiency evaluation and solutions. Our focus is in energy saving measures that offer the most savings and financial incentives, creating a rapid return on investment. What sets Worldwide apart is our ability to design, install and certify our installations to qualify for the Federal tax incentives for energy efficiency, then provide the documentation necessary to secure the tax incentives. Worldwide has recently entered the renewable energy field at the request of several of our clients.

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