Israel Tax Authority Recommends Carbon Tax on Flights
Translated & summarized from TheMarker by baba
Israel's Tax Authority proposed a new carbon tax on flights, estimating it would bring in 1.1 billion shekels annually and raise ticket prices by 4-5%. The tax would be distance-based, with longer flights costing more. Airlines oppose the plan, citing concerns about double taxation.
The story in 4 lines · by baba
- Israel Tax Authority proposed a carbon tax on flights to raise 1.1 billion shekels annually.
- The proposed tax is expected to increase flight ticket prices by 4% to 5%.
- The tax amount will be determined by flight distance, reflecting carbon emissions.
- Airline companies are opposing the measure, citing potential double taxation.
The Israel Tax Authority has recommended imposing a carbon tax on flights entering and departing Israel. In a position paper, the authority estimated that the tax would generate 1.1 billion shekels annually for the state treasury and increase ticket prices by 4% to 5%. The tax amount would vary based on flight distance, with longer flights incurring higher charges due to greater carbon emissions.
Airline companies have expressed opposition to the proposed measure, arguing that it would result in double taxation.
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