October 26, 2010
October 05, 2010
Green Taxes and Ecologically Sustainable Communities
Ingenious tax and policy algorithms for miniaturizing, localizing and democratizing mega-corporate entities - Ed.A green tax policy for sustaining Australia, its citizens and communities
A “green” tax policy could be used to increase the reported profits of business while localizing its ownership and control. By this means local communities would obtain the power to protect their environment. Also, the income of local voters would increase while introducing corporate democracy. The whole nation would become richer as profits to foreigners are phased out.
A green tax could be introduced on a voluntary basis. A lower tax rate could be made available to any investor who registered a contract to transfer ownership of their investments at the same rate that they recovered the cost of their investment from depreciation tax deductions. There would no limit on the profits obtained by investors while they got their money back.
More foreign investment could be obtained while eliminating alien ownership and control of national resources. “Boomerang ownership” would eliminate what Professor Penrose described as “unlimited, unknown and uncontrolled foreign liabilities” for the nation. Because profit-maximizing investors discount the future so much only a small preferential tax1 is required for fiduciary investors in listed corporations to approve a change in corporate constitutions to create a new class of “stakeholder” shares to acquire residual ownership of corporate investments2.
A green tax could be introduced on a voluntary basis. A lower tax rate could be made available to any investor who registered a contract to transfer ownership of their investments at the same rate that they recovered the cost of their investment from depreciation tax deductions. There would no limit on the profits obtained by investors while they got their money back.
More foreign investment could be obtained while eliminating alien ownership and control of national resources. “Boomerang ownership” would eliminate what Professor Penrose described as “unlimited, unknown and uncontrolled foreign liabilities” for the nation. Because profit-maximizing investors discount the future so much only a small preferential tax1 is required for fiduciary investors in listed corporations to approve a change in corporate constitutions to create a new class of “stakeholder” shares to acquire residual ownership of corporate investments2.
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