Protect the national natural resources

Protect the national natural resources against harmful exploitation and environmental damage:

The UNTS tax system introduces several measures to safeguard national natural resources and enhance national welfare:

  1. Permit System: By imposing restrictions through permits, such as quotas, environmental impact assessments, and zoning restrictions, the UNTS system ensures that resource extraction remains within sustainable limits.
  2. Financial Guarantees: Requiring companies to provide financial guarantees for environmental restoration holds them accountable for any damages caused during extraction, incentivizing responsible practices.
  3. Resource Taxation:
    • Consumption-Based Tax: Taxing the use of raw materials encourages resource efficiency and discourages excessive consumption, promoting responsible utilization.
    • Export Tax: Taxation of exported raw materials or processed products ensures that the country benefits from its natural wealth while promoting value addition through domestic processing.

The advantages of the UNTS tax system for protecting national resources include:

  1. Real-Time Data Tracking and Automatic Settlement: Ensures transparency and efficiency in tax collection, reducing the risk of evasion and ensuring appropriate taxation for environmental protection.
  2. Tailored Taxes for Social Goals: Designing taxes to meet specific social objectives allows for funding environmental protection and restoration programs, promoting sustainable development, and supporting affected communities.
  3. Permit System with Environmental Impact Assessment: Ensures that extraction practices do not harm society or the environment by requiring permits and conducting environmental impact assessments.
  4. Financial Guarantees for Restoration: Encourages responsible practices by holding companies financially responsible for restoration costs, minimizing environmental damage, and ensuring funds for remediation.
  5. Taxation of Resource Utilization: Discourages over-extraction and generates revenue for environmental protection by taxing both domestic and export use of raw materials.
  6. Border Taxation for Exports: Discourages the export of unprocessed resources, promoting domestic processing, job creation, and value addition within the country.

Overall, the UNTS tax system aims to prevent overexploitation, encourage responsible practices, generate revenue for environmental protection, and promote sustainable development through a comprehensive framework of permits, financial guarantees, and tailored taxation.

UNTS Non Profit Project is in the idea phase and under development, therefore feedback from stakeholders is needed: We need your judgment and expertise, which is characteristic and relevant to your country and culture, so that the UNTS system can be continuously evaluated and improved. Please send your suggestions and comments to UNTS Non Profit Project XS@Xsecure.dk 

Note: Information in this press release is subject to updates based on ongoing developments. Read more:    https://xsecure.dk

For more information, please contact:  Christian Reeh:  Inventor of UNTS.  Aalborg Denmark. E-mail: XS@Xsecure.dk

Global Impact of UNTS:

UNTS has the potential to transform the global tax compliance landscape by promoting efficiency, transparency, and fairness. It streamlines the tax settlement process, minimizing resources wasted on tax evasion and enforcement.

Non-Profit Project and Stakeholder Feedback:

The UNTS Non-Profit Project is in the idea phase and under development. Stakeholder feedback is crucial for continuous evaluation and improvement of the system. Interested parties are encouraged to send their suggestions and comments to UNTS Non-Profit Project at XS@Xsecure.dk.

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