Greening of the Tax Laws23rd Annual SJSU-TEI High Technology Tax Institute

November 6, 2007

Dan KostenbauderVice President -- Transaction Taxes

Hewlett-Packard Company

Annette Nellen Professor of Accounting & Taxation

San José State UniversityFellow, New America Foundation

Green taxes

Environmental laws

Incentives for green behaviorExternalities

California Environmental Fee

Electronic Waste Recycling

Ozone-depleting excise tax

Carbon tax

http://www.sierraclub.org/john_muir_exhibit/coin/images/usmint_ca_proof_big.jpg

Yellowstone National Park

1962

Cuyahoga River Fire of 1969 (Ohio)

Created the Environmental Protection Agency (EPA) in 1970

1972

Gaylord Nelson• Senator and Governor – Wisconsin

• Co-founder of Earth Day (4/22/70)

• Alum SJSU (1939)

• Set by Nixon in

1973

• Later endorsed

by Carter to save

8 million gallons

of gas per day

California Childhood Lead Poisoning Prevention Act of 1991

Passenger cars worldwide

Year #cars People per car

1950 53 million 48.2

1970 193 million 19.2

2000 509 million 11.9

2004 551 million 11.6