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America’s love-hate relationship with taxation is hardly news. The country was birthed in a tax-induced revolution. The selection of its governments, as well as the difference between its two main political parties, has consistently revolved around tax issues.
But in recent decades, the burden of tax has been distributed in increasingly unfair ways. Tax is seen as “theft” by government, and not a “duty” of the citizen. 6 in 10 Americans believe the system is unfair, where the top 1 percent paid only slightly more than 20 percent of all American taxes in 2010, but only 3 percent think tax reform is one of the most important issues in American society.
The Warsaw Climate Deal last month was seen as a disappointment to some, falling short of any detailed commitments or additional funding that developing countries were seeking. Still, much is already happening in Asia on climate change mitigation. Asia has the highest rate of voluntary commitments to cut carbon emissions; and many Asian countries are incorporating low-carbon growth components in their national development plans to attain a better balance between the environment, the economy, and social welfare. Read more
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