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.