Developing a Green Tax Policy Model: Towards Green Growth Environment (S/O 14170)

• Main Authors: Zainol Ariffin, Zaimah, Bidin, Zainol, Muhammad Jamil, Che Zuriana, Sulaiman, Aryati Juliana
• Format: Monograph
• Language: English; English
• Published: UUM 2021
• Subjects: HC Economic History and Conditions
• Online Access: https://repo.uum.edu.my/id/eprint/31515/1/14170.pdf; https://repo.uum.edu.my/id/eprint/31515/2/14170.pdf; https://repo.uum.edu.my/id/eprint/31515/

Climate change, natural resource depletion, and pollution significantly impact the current and future generations' environment, society, and economy. Thus, environmental tax laws are designed to preserve the environment and motivate green growth activities among companies, individuals, and communities. However, environmental tax laws in Malaysia focuses more on tax incentives and not tax penalties. Evidence shows that companies are not fully aware of the incentive-based tax laws, which do not become part of their environmental sustainability strategies. Thus, the introduction of the environmental tax penalty is crucial in the environmental tax system in Malaysia. Therefore, this study aims to identify key drivers for companies to respond to environmental tax laws in Malaysia. From the findings, this study will develop a model of key drivers towards environmental tax laws among Malaysian companies. Comprehensive environmental tax reforms are crucial in the existing social and economic society to develop green growth. The population is companies listed under the Federation of Malaysian Manufacturer (FMM). The introduction of comprehensive environmental tax laws generates tax revenues and assists the government in strengthening the green growth environment and enhancing awareness to create a shared responsibility among Malaysian companies. This study is a quantitative study that carried out a questionnaire survey on manufacturing companies in Malaysia. The Statistical Package for Social Sciences (SPSS) version 24 was employed to analyse the data. The outcomes from this study confirmed the institutional theory to support the green tax reform acceptance of companies in Malaysia. This study also develops a model of key drivers for the government to consider in implementing green tax reforms for companies to respond to the green tax laws in Malaysia