Tax Deductions, Environmental Policy, and the "double Dividend" Hypothesis

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4./5 ( download)

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Book Synopsis Tax Deductions, Environmental Policy, and the "double Dividend" Hypothesis by : Ian Parry

Download or read book Tax Deductions, Environmental Policy, and the "double Dividend" Hypothesis written by Ian Parry and published by World Bank Publications. This book was released on 1999 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents the paper "Tax Deductions, Environmental Policy, and the "Double Dividend" Hypothesis," written by Ian Parry and Antonio Bento in May 1999 for the World Bank. The authors find that incorporating tax-favored consumption in models of environmental tax swaps may overturn key results from earlier studies.

Tax Deductions, Environmental Policy, and the Double Dividend Hypothesis

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Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Tax Deductions, Environmental Policy, and the Double Dividend Hypothesis by : Ian W. H. Parry

Download or read book Tax Deductions, Environmental Policy, and the Double Dividend Hypothesis written by Ian W. H. Parry and published by . This book was released on 2016 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent studies find that environmental tax swaps typically exacerbate the costs of the tax system and therefore do not produce a double dividend. This paper extends previous models by incorporating tax-favored consumption goods. In this setting, the efficiency gains from recycling environmental tax revenues are larger because preexisting taxes distort the consumption bundle, in addition to factor markets. A genuine double dividend is then found.Parry and Bento find that incorporating tax-favored consumption in models of environmental tax swaps may overturn key results from earlier studies. In particular, a revenue-neutral pollution tax (or auctioned permits) can produce a substantial double dividend by reducing both pollution and the costs of the tax system. The second dividend arises because the welfare gain from using environmental tax revenues to cut labor taxes is much larger when labor taxes also distort the choice among consumption goods. Indeed (ignoring environmental benefits), the overall costs of a revenue - neutral pollution tax are negative in the benchmark simulations, at least for pollution reductions up to 17 percent, and possibly up to 42 percent.In addition, Parry and Bento show that the presence of tax-favored consumption may drastically increase the efficiency gain from using (revenue-neutral) emissions taxes (or auctioned emissions permits) rather than grandfathered emissions permits.This paper - a product of Infrastructure and Environment, Development Research Group - is part of a larger effort in the group to study regulatory policies in a second-best setting. The authors may be contacted at [email protected] or [email protected].

Tax Deductions, Environmental Policy, and the "Double Dividend" Hypothesis

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Tax Deductions, Environmental Policy, and the "Double Dividend" Hypothesis by : Ian W. H. Parry

Download or read book Tax Deductions, Environmental Policy, and the "Double Dividend" Hypothesis written by Ian W. H. Parry and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent studies find that environmental tax swaps typically exacerbate the costs of the tax system and therefore do not produce a "double dividend". We extend previous models by incorporating tax-favored consumption goods (e.g. housing, medical care). The efficiency gains from recycling environmental tax revenues are therefore larger because pre-existing income taxes distort both consumption decisions and factor markets. In this setting a revenue-neutral emissions tax (or auctioned permits) produces a double dividend. Moreover, the overall costs of environmental tax swaps are negative, for modest emissions reductions. The efficiency gains from emissions taxes over grandfathered permits are also much larger than previously recognized.

Double Dividend

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Author :
Publisher : MIT Press
ISBN 13 : 0262027097
Total Pages : 639 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis Double Dividend by : Dale W. Jorgenson

Download or read book Double Dividend written by Dale W. Jorgenson and published by MIT Press. This book was released on 2013-11-29 with total page 639 pages. Available in PDF, EPUB and Kindle. Book excerpt: A rigorous and innovative approach for integrating environmental policies and fiscal reform for the U.S. economy. Energy utilization, especially from fossil fuels, creates hidden costs in the form of pollution and environmental damages. The costs are well documented but are hidden in the sense that they occur outside the market, are not reflected in market prices, and are not taken into account by energy users. Double Dividend presents a novel method for designing environmental taxes that correct market prices so that they reflect the true cost of energy. The resulting revenue can be used in reducing the burden of the overall tax system and improving the performance of the economy, creating the double dividend of the title. The authors simulate the impact of environmental taxes on the U.S. economy using their Intertemporal General Equilibrium Model (IGEM). This highly innovative model incorporates expectations about future prices and policies. The model is estimated econometrically from an extensive 50-year dataset to incorporate the heterogeneity of producers and consumers. This approach generates confidence intervals for the outcomes of changes in economic policies, a new feature for models used in analyzing energy and environmental policies. These outcomes include the welfare impacts on individual households, distinguished by demographic characteristics, and for society as a whole, decomposed between efficiency and equity.

Environmental Tax Reform (ETR)

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (133 download)

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Book Synopsis Environmental Tax Reform (ETR) by : Paul Ekins

Download or read book Environmental Tax Reform (ETR) written by Paul Ekins and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive analysis of an environmental tax reform where people are taxed on pollution and the use of natural resources instead of on their income, this book looks at the challenges involved in implementing this tax reform across Europe.

Environmental Taxation and the Double Dividend

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Publisher :
ISBN 13 : 9780444504913
Total Pages : 292 pages
Book Rating : 4.5/5 (49 download)

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Book Synopsis Environmental Taxation and the Double Dividend by : Ruud A. de Mooij

Download or read book Environmental Taxation and the Double Dividend written by Ruud A. de Mooij and published by . This book was released on 1952 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Carbon Pricing in Japan

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Publisher : Springer Nature
ISBN 13 : 9811569649
Total Pages : 271 pages
Book Rating : 4.8/5 (115 download)

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Book Synopsis Carbon Pricing in Japan by : Toshi H. Arimura

Download or read book Carbon Pricing in Japan written by Toshi H. Arimura and published by Springer Nature. This book was released on 2020-09-17 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book evaluates, from an economic perspective, various measures introduced in Japan to prevent climate change. Although various countries have implemented such policies in response to the pressing issue of climate change, the effectiveness of those programs has not been sufficiently compared. In particular, policy evaluations in the Asian region are far behind those in North America and Europe due to data limitations and political reasons. The first part of the book summarizes measures in different sectors in Japan to prevent climate change, such as emissions trading and carbon tax, and assesses their impact. The second part shows how those policies have changed the behavior of firms and households. In addition, it presents macro-economic simulations that consider the potential of renewable energy. Lastly, based on these comprehensive assessments, it compares the effectiveness of measures to prevent climate change in Japan and Western countries. Providing valuable insights, this book will appeal to both academic researchers and policymakers seeking cost-effective measures against climate change.

Fiscal Regimes for Extractive Industries—Design and Implementation

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Publisher : International Monetary Fund
ISBN 13 : 1498340067
Total Pages : 82 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Fiscal Regimes for Extractive Industries—Design and Implementation by : International Monetary Fund. Fiscal Affairs Dept.

Download or read book Fiscal Regimes for Extractive Industries—Design and Implementation written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2012-08-16 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Better designed and implemented fiscal regimes for oil, gas, and mining can make a substantial contribution to the revenue needs of many developing countries while ensuring an attractive return for investors, according to a new policy paper from the International Monetary Fund. Revenues from extractive industries (EIs) have major macroeconomic implications. The EIs account for over half of government revenues in many petroleum-rich countries, and for over 20 percent in mining countries. About one-third of IMF member countries find (or could find) resource revenues “macro-critical” – especially with large numbers of recent new discoveries and planned oil, gas, and mining developments. IMF policy advice and technical assistance in the field has massively expanded in recent years – driven by demand from member countries and supported by increased donor finance. The paper sets out the analytical framework underpinning, and key elements of, the country-specific advice given. Also available in Arabic: ????? ??????? ?????? ???????? ???????????: ??????? ???????? Also available in French: Régimes fiscaux des industries extractives: conception et application Also available in Spanish: Regímenes fiscales de las industrias extractivas: Diseño y aplicación

Fiscal Policies for Development and Climate Action

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Publisher : World Bank Publications
ISBN 13 : 9781464813580
Total Pages : 240 pages
Book Rating : 4.8/5 (135 download)

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Book Synopsis Fiscal Policies for Development and Climate Action by : Miria A. Pigato

Download or read book Fiscal Policies for Development and Climate Action written by Miria A. Pigato and published by World Bank Publications. This book was released on 2018-12-31 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides actionable advice on how to design and implement fiscal policies for both development and climate action. Building on more than two decades of research in development and environmental economics, it argues that well-designed environmental tax reforms are especially valuable in developing countries, where they can reduce emissions, increase domestic revenues, and generate positive welfare effects such as cleaner water, safer roads, and improvements in human health. Moreover, these reforms need not harm competitiveness. New empirical evidence from Indonesia and Mexico suggests that under certain conditions, raising fuel prices can actually increase firm productivity. Finally, the report discusses the role of fiscal policy in strengthening resilience to climate change. It provides evidence that preventive public investments and measures to build fiscal buffers can help safeguard stability and growth in the face of rising climate risks. In this way, environmental tax reforms and climate risk-management strategies can lay the much-needed fiscal foundation for development and climate action.

Environmentally Related Taxes in OECD Countries Issues and Strategies

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Publisher : OECD Publishing
ISBN 13 : 9789264193659
Total Pages : 133 pages
Book Rating : 4.1/5 (936 download)

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Book Synopsis Environmentally Related Taxes in OECD Countries Issues and Strategies by : OECD

Download or read book Environmentally Related Taxes in OECD Countries Issues and Strategies written by OECD and published by OECD Publishing. This book was released on 2001-10-05 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report analyses current use of environmentally related taxes in OECD Member countries. Focus is given to their environmental effectiveness. The report identifies obstacles to a broader use of such taxes -- in particular the fear of loss of sectoral competitiveness -- and ways to overcome them.

Taxing Wages 2021

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Publisher : OECD Publishing
ISBN 13 : 9264438181
Total Pages : 651 pages
Book Rating : 4.2/5 (644 download)

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Book Synopsis Taxing Wages 2021 by : OECD

Download or read book Taxing Wages 2021 written by OECD and published by OECD Publishing. This book was released on 2021-04-29 with total page 651 pages. Available in PDF, EPUB and Kindle. Book excerpt: This annual publication provides details of taxes paid on wages in OECD countries. It covers personal income taxes and social security contributions paid by employees, social security contributions and payroll taxes paid by employers, and cash benefits received by workers. Taxing Wages 2021 includes a special feature entitled: “Impact of COVID-19 on the Tax Wedge in OECD Countries”.

Carbon-Energy Taxation

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Publisher : OUP Oxford
ISBN 13 : 0191610089
Total Pages : 352 pages
Book Rating : 4.1/5 (916 download)

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Book Synopsis Carbon-Energy Taxation by : Mikael Skou Andersen

Download or read book Carbon-Energy Taxation written by Mikael Skou Andersen and published by OUP Oxford. This book was released on 2009-10-29 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: When taxes are introduced on carbon and energy, and the revenue is used to reduce other taxes, will a positive effect be achieved both for the environment and for the economy? In 1990 Finland was the first country to introduce a tax on CO2. Later, Sweden, Denmark, Netherlands, Slovenia, Germany and the UK followed suit with tax reforms that shifted taxation from labour to carbon and energy. Over the years, CO2 and energy taxes have gradually been raised, so that in Europe taxes of more than 25 billion Euros a year have been shifted. This book examines carbon-energy taxation in detail and looks at tax shifting programmes for lowering other taxes. It offers extensive analysis on the basis of historical data and seeks to answer important questions for policy-making, such as: What was the impact of tax shifting for economic performance and competitiveness? By how much were emissions of CO2 reduced? Could energy-intensive industries cut further down on their fuel demand or did they loose market shares? To what extent was there 'leakage' from Europe, so that production and CO2 emissions were shifted to other countries or regions without CO2-abatement policy? The use of unique and original data, including sector-specific energy prices and taxes, as well as the use of advanced statistical techniques, such as co-integration analysis and panel-regression techniques along with the time-series estimated macro-economic model E3ME, make this a truly comprehensive volume. On the basis of the lessons learned in Europe, this volume indicates how carbon-energy taxation could usefully be combined with emissions trading, and discusses implications for future international climate policy, including how the IPCC recommendations for a gradual escalation in carbon price could be accomplished while preventing carbon leakage.

Taxation, Innovation and the Environment

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Publisher : OECD Publishing
ISBN 13 : 926408763X
Total Pages : 254 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis Taxation, Innovation and the Environment by : OECD

Download or read book Taxation, Innovation and the Environment written by OECD and published by OECD Publishing. This book was released on 2010-10-13 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report draws on case studies to explore the relationship between environmentally-related taxation and innovation to see whether taxation can spur innovation and if so, what types.

Environmental Taxes and the Double-dividend Hypothesis

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Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Environmental Taxes and the Double-dividend Hypothesis by : Don Fullerton

Download or read book Environmental Taxes and the Double-dividend Hypothesis written by Don Fullerton and published by . This book was released on 1997 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The double-dividend hypothesis' suggests that increased taxes on polluting activities can provide two kinds of benefits. The first is an improvement in the environment, and the second is an improvement in economic efficiency from the use of environmental tax revenues to reduce other taxes such as income taxes that distort labor supply and saving decisions. In this paper, we make four main points. First, the validity of the double-dividend hypothesis cannot logically be settled as a general matter. Second, the focus on revenue in this literature is misplaced. We demonstrate that three policies have equivalent impacts on the environment and on labor supply. One of those policies raises revenue from the environmental component of the reform, another loses revenue, and a third has no revenue associated with it. Third, what matters is the creation of privately-held scarcity rents. Policies that raise product prices through some restriction on behavior may create scarcity rents. Unless those rents are captured by the government, such policies are less efficient at ameliorating an environmental problem than are policies that do not create rents. Finally, we distinguish between two types of command and control regulations on the basis of whether they create scarcity rents.

Energy, Sustainability and the Environment

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Publisher : Elsevier
ISBN 13 : 0123851378
Total Pages : 641 pages
Book Rating : 4.1/5 (238 download)

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Book Synopsis Energy, Sustainability and the Environment by : Fereidoon Sioshansi

Download or read book Energy, Sustainability and the Environment written by Fereidoon Sioshansi and published by Elsevier. This book was released on 2011-06-02 with total page 641 pages. Available in PDF, EPUB and Kindle. Book excerpt: The complexity of carbon reduction and economic sustainability is significantly complicated by competing aspects of socioeconomic practices as well as legislative, regulatory, and scientific requirements and protocols. An easy to read and understand guide, Sioshansi, along with an international group of contributors, moves through the maze of carbon reduction methods and technologies, providing steps and insights to meet carbon reduction requirements and maintaining the health and welfare of the firm. The book's three part treatment is based on a clear and rigorous exposition of a wide range of options to reduce the carbon footprint Part 1 of the book, Challenge of Sustainability, examines the fundamental drivers of energy demand – economic growth, the need for basic energy services, and the interdependence of economic, political, environmental, social, equity, legacy and policy issues. Part 2 of the book, Technological Solutions, examines how energy can be used to support basic energy service needs of homes, commercial and industrial facilities and for other applications. Part 3 of the book, case studies, covers a number of innovative projects, initiatives, concepts or self-imposed targets in different parts of the world with the aim of significantly reducing energy use and carbon footprint of a company, a community, a city or an entire country. There was a widespread recognition among environmental engineers and energy economist of the importance of carbon reduction while sustaining the firm's economic growth. The only book to bring together both subjects into one easy to understand reference, Carbon Reduction and Economic Sustainability not only clearly explains which option has the lowest energy/carbon footprint but also which option would better suit the business in question. This includes carbon reduction for residential, transport, industrial and public sectors. - The only book to clearly explain the economic and environmental engineering aspects of carbon reduction. - Case studies taken from a number of international projects. - Carbon reduction options for all sectors of society. - The role of the planning system in carbon reduction.

A Review of Taxes and Corporate Finance

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Publisher : Now Publishers Inc
ISBN 13 : 1933019417
Total Pages : 136 pages
Book Rating : 4.9/5 (33 download)

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Book Synopsis A Review of Taxes and Corporate Finance by : John R. Graham

Download or read book A Review of Taxes and Corporate Finance written by John R. Graham and published by Now Publishers Inc. This book was released on 2006 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Review of Taxes and Corporate Finance investigates the consequences of taxation on corporate finance focusing on how taxes affect corporate policies and firm value. A common theme is that tax rules affect corporate incentives and decisions. A second emphasis is on research that describes how taxes affect costs and benefits. A Review of Taxes and Corporate Finance explores the multiple avenues for taxes to affect corporate decisions including capital structure decisions, organizational form and restructurings, payout policy, compensation policy, risk management, and the use of tax shelters. The author provides a theoretical framework, empirical predictions, and empirical evidence for each of these areas. Each section concludes with a discussion of unanswered questions and possible avenues for future research. A Review of Taxes and Corporate Finance is valuable reading for researchers and professionals in corporate finance, corporate governance, public finance and tax policy.

Paying for Pollution

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Publisher : Academic
ISBN 13 : 019069419X
Total Pages : 201 pages
Book Rating : 4.1/5 (96 download)

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Book Synopsis Paying for Pollution by : Gilbert E. Metcalf

Download or read book Paying for Pollution written by Gilbert E. Metcalf and published by Academic. This book was released on 2019 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shows why a carbon tax is the most efficient and fair way to address the major cause of climate change. It explains how a carbon tax reform can help low-income households. And it argues that carbon tax is market based policy that should be supported across the political spectrum.