Don't expect much extra revenue from green taxes, says study prepared for the Mirrlees Review

The UK's green taxes should be reformed to achieve their environmental objectives more effectively, but policymakers should be wary of calls for a big increase in green taxes to finance a significant shift away from the use of other taxes. So argues a study commissioned by the Mirrlees Review of the UK tax system, which is being chaired by Nobel prize-winner Professor Sir James Mirrlees for the Institute for Fiscal Studies.