According to the UN, as of June 2021 there are 195 signatories to the Paris Agreement to limit their CO2 emissions.1 However, the Paris Agreement permits countries to set their own ambitions within certain parameters. Some jurisdictions or regions have undertaken to cut carbon emissions faster than others. The EU, in particular, has stated its ambition to cut emissions by 2030 by 55 percent in comparison with 1990 levels.1
This commitment has been made as part of the EU Green Deal2, which is a comprehensive package of tax and non-tax measures.
The EU’s plastics tax is one of several tax reforms proposed as part of the Green Deal which aims to reduce consumption of raw materials and waste, promoting the move towards a circular economy.
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by Loek Helderman
Loek is Global Tax Lead for KPMG IMPACT, covering KPMG’s ESG sustainability services, and also Partner at KPMG Meijburg & Co, KPMG in the Netherland’s tax firm. In his role as Global Tax Lead for KPMG IMPACT, Loek is responsible for serving as a strategic connection between the Global Tax & Legal network and KPMG IMPACT. Loek is also member of the KPMG Global Tax & Legal Management Team. At KPMG Meijburg & Co, Loek co-leads the Dutch Corporate Clients Team and has been with the firm since 2010. As a Global Lead Tax Partner for several European global multinationals, Loek has been involved in a large number of projects in the field of Dutch and international corporate income tax. He also has extensive experience with large-scale corporate restructuring and has worked on numerous international projects in these fields. Prior to KPMG, Loek spent more than 25 years at a large, fast-moving consumer goods company, where he held various international positions within the corporate tax department. During his last 10 years, Loek was a member of the tax leadership team and as VP European Tax Matters and Global Transfer Pricing. Before this, he held the role as VP Tax for the America's and Special Projects.
