Some people argue higher taxes should be collected from industries causing higher industrial pollution

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Industries provide employment but they
also
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cause
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a great deal of
pollution
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.
Therefore
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, some people argue that the
government
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should impose higher taxes on industries that
cause
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more
pollution
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. I do not quite agree with
this
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view. Imposing higher taxes on polluting industries certainly seems like a good idea;
however
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, if
this
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measure is implemented, it will create more problems down the lane. To start with, companies may assume that they have a right to pollute as long as they are ready to pay the
tax
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.
Consequently
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, they will have no motivation to invest in greener technologies. Needless to say,
pollution
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levels will get considerably worse within a few years. A better solution is to encourage companies to reduce the
pollution
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they
cause
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. The
government
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can offer them incentives to invest in greener technologies.
For example
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, the
government
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should consider offering
tax
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rebates to companies that reduce their
pollution
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levels.
This
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will encourage more and more companies to adopt eco-friendly technologies. The
government
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must
also
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make it mandatory for all businesses to comply with emission standards. It must ensure that industries have set up plants to treat their waste before allowing them to start their operations. The laws already exist in almost all countries but the problem is that they are rarely implemented.
This
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is particularly true in the developing countries where corrupt officials collude with entrepreneurs and issue commencement certificates without checking whether adequate waste disposal systems are in place. Moving hazardous industries to uninhabited places may
also
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help. To conclude, imposing higher
tax
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on companies that
cause
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more
pollution
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is unlikely to solve the problem. Worse,
this
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measure may exacerbate the situation. A better solution is to offer
tax
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sops to companies that reduce their
pollution
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levels.
Submitted by sarangurpreetsingh on

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