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carbon tax
(redirected from Hydrocarbon tax)

   Also found in: Wikipedia 0.02 sec.
carbon tax
a tax on the emissions caused by the burning of coal, gas, and oil, aimed at reducing the production of greenhouse gases


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1 billion boost from the confiscation of Occidental Petroleum's oil field in May (see NotiSur, 2006-06-02) and a new hydrocarbon tax that together bumped up Ecuador's total 2006 oil revenue to about US$3.
According to the Constitution, the President had ten days to decide on one of four possible reactions to the law, which would require Petroleum companies to pay 18 per cent well-head royalties and a 32 per cent direct hydrocarbon tax.
 
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