In a bid to determine if companies are paying too much in green taxes, KPMG has launched a new green calculator initiative. The Environmental Tax Health Check (ETHiC) is an online tool, which calculates how much a business is paying in green taxes and how much it could save in green tax breaks and allowances. By collecting company data through an online questionnaire, finding out background information on details such as material consumption, expenditure on items, and the number and type of company cars used, ETHiC can then calculate how much a company is paying in environmental tax. The head of KPMG's environmental taxes and incentive group, Frank Sangster, claimed most businesses don't realise how much they are paying in environmental taxes, causing them to leave millions of pounds worth of incentives unclaimed. He said: 'The process of actually adding up all the different types of environmental tax is quite onerous and not one that many tax people would have attempted without the aid of a tool like ETHiC.' The UK currently has a carbon reduction target of 60% in greenhouse gas emissions by 2050. KPMG predicts that the Treasury will introduce further green taxes as well as new tax breaks and incentives in order to help achieve this target. Sangster added: 'More companies now want to track and disclose their green credentials in terms of being "carbon neutral" and in being a sustainable business.'