NEWS FLASH

The United States Undertaxes Pollution | A new International Monetary Fund working paper finds that the United States “gets, by far, the lowest percentage of revenue from environmental taxation of any OECD country,” less than 3 percent of total revenues, well below the industrialized-country average of six percent:

From "Reforming the Tax System to Promote Environmental Objectives," IMF.

(HT: Brad Plumer)