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Dissertation
The effectiveness of environmental taxes on CO2 emissions: an empirical analysis of European countries.
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Year: 2022 Publisher: Liège Université de Liège (ULiège)

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Abstract

Environmental issues are an increasing concern, for our present and future generations. Today, the main governmental tool used to fight against pollution in our economies is environmental taxation, used in various ways and in different proportions by each country. However, only a few studies have&#13;been conducted with concrete evidence at the European level. Therefore, this Master’s thesis16 presents an empirical analysis of the effectiveness of&#13;transport, pollution and resources, and energy taxes on the level of CO2 emissions in Europe. The System Generalized Method of Moments is used&#13;in an incremental method, additional explanatory variables being included successively. For this purpose, national data on 32 countries over 25 years,&#13;from 1995 to 2019, are employed to empirically estimate the relationship between taxes and CO2, while controlling for variables such as GDP, the percentage of energy coming from a renewable source or industrial production. Among the results, it can be observed that environmental taxation indeed negatively impacts the CO2 emissions, as evidence is shown that an increase in transport, pollution or energy taxation reduces CO2 emissions. Coefficients show strong level of statistical significance at the 1% level, meaning that results can be trusted with respect to the data used for the analysis. Therefore, policy recommendations are in order and are ultimately presented&#13;at the end of this paper.


Book
High-Level Summary Technical Assistance Report : Mauritania: Tax Policy Diagnostic
Authors: --- --- --- ---
ISBN: 9798400283369 Year: 2024 Publisher: Washington, D.C. : International Monetary Fund,

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The IMF’s Fiscal Affairs Department has been working with Mauritania on capacity building in tax policy. Mauritania has recently created a tax policy unit and adopted a new General Tax Code in 2019 with a corporate income tax and a semi-dual approach to personal income taxation. However, there is significant scope to enhance the efficiency and effectiveness of income taxes, including due to the proliferation of wasteful tax exemptions. The fast urbanization also calls for a review of recurrent property taxation. The formalization of property rights requires a temporary suspension of the excessive registration fees. Consumption taxation can also be improved by broadening the tax base, for example, by abolishing regressive value-added tax exemptions or by imposing excise taxes on imported used vehicles. Finally, several recommendations aim to support the reform of the Mining Code, such as introducing some progressivity, prohibiting the negotiation of any tax parameters, and strengthening the principle of ring-fencing.


Book
Greenflation or Greensulation? The Case of Fuel Excise Taxes and Oil Price Pass-through
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ISBN: 9798400285172 Year: 2024 Publisher: Washington, D.C. : International Monetary Fund,

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Can a carbon tax reduce inflation volatility? Focusing on fuel excise taxes, this paper provides systematic evidence on their role as a shock absorber that helps mitigating the impact of global oil price shocks on domestic inflation. Exploiting substantial variation in fuel tax rates across 28 OECD countries over the period from 2014 to 2021, a simple idea that a per-unit, specific tax takes up a portion of the product price immune to cost shocks goes a long way toward explaining heterogeneity in the degree of oil price pass-through into domestic inflation across countries. A back-of-the-envelope calculation from the estimation results supports its quantitative significance---differences in fuel tax rates could explain about 30% of the variation in annual headline CPI inflation rates observed between the U.S. and U.K. during the 2021 inflation surge.

Environmental taxes and charges
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ISBN: 9041100687 Year: 1995 Publisher: Dordrecht : Kluwer,


Book
Fiscal control of pollution : application of ecotaxes in India
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ISBN: 9811630372 9811630364 9789811630378 Year: 2021 Publisher: Gateway East, Singapore : Springer,

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This volume analyses the process and structure of ecotaxes in India to bring forth its rationale, application and incidence on emerging environmental problems on the backdrop of the environmental issues confronted by the Indian economy. Being at infant stage in India, the concept of ecotaxes is plagued with large empirical difficulties. This book provides a holistic understanding of the complexities in the design and implementation of these fiscal instruments at the country level. After elaborating on the theory, history of its applications, the book provides an innovative methodological exercise. It examines the adequacy and relevance of ecotaxation in the Indian context, along with ensuring that the distortions due to the proposed levy are minimised. The incidence of these taxes on the households, the double dividend hypothesis and the effect on competitiveness of the producer are a few of the core themes elaborated upon in this book. This is demonstrated through a linear general equilibrium framework of Environmentally extended Social Accounting Matrix (E-SAM). The book provides material for the researchers and graduate students on the methodological structure of eco-taxes. The proposed methodological intervention could be utilised by the researchers who wish to analyse the macroeconomic impact of any tax through the framework of Social Accounting Matrix (SAM). Additionally, the process as well as the implications and nuances provided in the book will assist the policy makers to design innovative policies for dealing with environmental issues. The volume also has something for the practitioners by helping them comprehend various effects of these instruments on different stake holders of the economy and thus will be useful as a policy prescription. The three policy scenarios analysed in this study could be considered by the policymakers while attempting to design these instruments in the Indian context and thus ending the extensive reliance on the age old and grossly ineffective Command and Control (CAC) Policies


Book
Climate Policies and External Adjustment
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ISBN: 9798400284717 Year: 2024 Publisher: Washington, D.C. : International Monetary Fund,

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This paper assesses the economic effects of climate policies on different regions and countries with a focus on external adjustment. The paper finds that various climate policies could have substantially different impacts on external balances over the next decade. A credible and globally coordinated carbon tax would decrease current account balances in greener advanced economies and increase current accounts in more fossil-fuel-dependent regions, reflecting a disproportionate decline in investment for the latter group. Green supply-side policies—green subsidy and infrastructure investment—would increase investment and saving but would have a more muted external sector impact because of the constrained pace of expansion for renewables or the symmetry of the infrastructure boost. Country characteristics, such as initial carbon intensity and net fossil fuel exports, ultimately determine the current account responses. For the global economy, a coordinated climate change mitigation policy package would shift capital towards advanced economies. Following an initial rise, the global interest rates would fall over time with increases in the carbon tax. These external sector effects, however, depend crucially on the degree of international policy coordination and credibility.


Book
Alternative Forms of Mineral Taxation, Market Failure and the Environment
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ISBN: 1462360122 145529487X Year: 1992 Publisher: Washington, D.C. : International Monetary Fund,

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This paper examines the environmental effects of mineral taxes in a framework that recognizes the importance of rates and cumulative externalities and proposes an appropriate corrective tax. It concludes that mineral resources taxation should combine neutral taxes with a dynamic Pigovian type tax proposed in the paper. Such a tax resembles a specific tax plus an element that depends on the amount of remaining reserves. This resemblance means that, in practice, specific taxes may act as proxies for environmental taxes. The paper also points at complementarities and tradeoffs between economic and environmental concerns that could arise in reforming mineral taxes.


Book
Controlling Pollution : Using Taxes and Tradable Permits
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ISBN: 1455277169 1452790728 Year: 2001 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

Explores different ways of controlling pollution through -green-taxes or permits, and evaluates their advantages and disadvantages. While many countries use environmental taxes, interest in tradable permits is growing.


Book
Controlling Pollution : Using Taxes and Tradable Permits
Authors: ---
ISBN: 1455253952 1452761450 Year: 2001 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

Explores different ways of controlling pollution through -green-taxes or permits, and evaluates their advantages and disadvantages. While many countries use environmental taxes, interest in tradable permits is growing.


Book
Control de la contaminación : mediante el uso de impuestos y licencias negociables
Authors: ---
ISBN: 1462395651 1451999666 Year: 2001 Publisher: Washington, D.C. : International Monetary Fund,

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Se examinan diferentes formas de controlar la contaminación a través de impuestos o licencias “verdes” y se evalúan sus ventajas y desventajas. Si bien muchos países utilizan impuestos ambientales, el interés en los permisos negociables va en aumento.

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