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The Income Tax Department is the central government's largest revenue generator; total tax revenue increased from ₹ 1,392.26 billion (US$17 billion) in 1997–98 to ₹ 5,889.09 billion (US$71 billion) in 2007–08. [3] [4] In 2018–19, direct tax collections reported by the CBDT were about ₹ 11.17 lakh crore (₹11.17 trillion). [5]
A market-based tax approach determines a maximum cost for control measures. This gives polluters an incentive to reduce pollution at a lower cost than the tax rate. There is no cap; the quantity of pollution reduced depends on the chosen tax rate.
The increasing interest in water reuse and more stringent regulations regarding water pollution are currently accelerating the implementation of AOPs at full-scale. There are roughly 500 commercialized AOP installations around the world at present, mostly in Europe and the United States .
Nonpoint sources are the most significant single source of water pollution in the United States, accounting for almost half of all water pollution, [1] and agricultural runoff is the single largest source of nonpoint source water pollution. [2] This water pollution has a number of detrimental effects on human health and the environment.
In 2018, the first year of the implementation of the Environmental Protection Tax Law, the pollution equivalents generated by power plants decreased by 73.1% compared with 2017, and the environmental protection tax paid was 2.14 million yuan, which was 73% lower than the pollution discharge fee of 7.96 million yuan paid in 2017.
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[1] [2] This approach differs from general ecologic taxation schemes, where the measurability of the impact is not available on short term or direct comparison of the tax affected choice for investment or operation. An externality (a type of market failure) exists where a market price omits pollution raise and affection. In such a situation ...
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