August 22, 2023
How tax departments should prepare for CBAM
The introduction of the Carbon Border Adjustment Mechanism (CBAM) by the European Union (EU) is further evidence of decarbonization commitments by governing bodies. But are companies prepared to take what could be seen as supply chain barriers and reshape them into building blocks for their own carbon ambitions?
Tax functions need to plan for the challenges CBAM will create and identify the potential opportunities it offers.
An EY article provides details.