Levying border adjustment tax to meet green commitments morally wrong: Sitharaman

Finance Minister Nirmala Sitharaman on Thursday said any move on imposition of cross-border adjustment tax by developed countries to meet their green commitments is morally wrong and goes against the interest of developing countries of ‘Global South’.

“The single mono-sided decision of imposition of border adjustment tax …the logic just goes against the concern of the Global South…

“But cross-border imposition (of tax) and that money going towards somebody else’s green agenda, if anything, is not moral at all,” Sitharaman said at the CII Global Economic Policy Forum.