Wednesday, June 26, 2024

Cow Tax

How now taxed cow:
The tax will increase to 750 kroner ($108) by 2035. However, because of an income tax deduction of 60 percent, the actual cost per ton will start at 120 kroner ($17.3) and increase to 300 kroner by 2035. “We will take a big step closer in becoming climate neutral in 2045,” Bruus said, adding Denmark “will be the first country in the world to introduce a real CO2 tax on agriculture” and hoped other countries would follow suit. New Zealand had passed a similar law due to take effect in 2025 which sought to tackle all livestock emissions in what critics saw as a punishing new tax on farmers. However, the legislation was removed after hefty criticism from farmers and a change of government at the 2023 election from a hard left-wing bloc led by former Prime Minister Jacinda Ardern to a center-right one, as Breitbart News reported.
The taxed cows come home...

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