, 2022-08-04 14:20:05,
- Canada is adding a 10% tax on the purchases of luxury aircraft, cars, and boats.
- It comes as US celebrities are under fire for environmental impacts of their private jet usage.
- Some experts argue focusing on individuals distracts from the need for bigger climate initiaitves.
As stars like Taylor Swift and Drake are being scolded for their private jet usage, Canada revealed new details about how it’s hoping to make the wealthy think twice about contributing to the climate crisis with their extravagant modes of transportation.
The Select Luxury Items Tax Act — which will go into effect September 1st — will add a 10% tax on the full value of any Canadian purchases of aircraft and cars that exceed $100,000, as well as boats that exceed $250,000. These thresholds are in Canadian dollars and convert to roughly $78,000 and $194,000 respectively in US dollars.
The Canadian government has argued the tax will not only discourage the wealthy from purchasing emissions-intensive vehicles, but reduce inequality as well.
“Some Canadians have lost their jobs or small businesses, while some sectors of the economy have flourished,” per a statement on the government’s website. “That’s why it is fair today to ask those Canadians who can afford to buy luxury goods to contribute a little bit more.”
The details of the tax come on the heels of a recent report from Yard, a UK marketing firm, titled “Celebs with the Worst Private Jet Co2 Emissions.” Using flight data from the popular Twitter account @CelebJets — which tracks the jets of the rich and famous — the report detailed the biggest “offenders” and their carbon footprints.
Pop star Taylor Swift came in at number one. As of the July 29th report, her…
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