The Progressive Carbon Tax: And the Ability to Pay Doctrine of Taxable Income - Implications to Economic Growth and the Environment: The Issue of Sustainability for Thailand

2017 ◽  
Author(s):  
Julio Esteban Altamirano ◽  
Paulette June Coetzee
Keyword(s):  
Economic Growth ◽  
Carbon Tax ◽  
Taxable Income ◽  
Ability To Pay

scholarly journals The Impact of Carbon Tax on Economic Growth in China

2011 ◽  
Vol 5 ◽  
pp. 1757-1761 ◽  
Author(s):  
Zhang Zhixin ◽  
Li Ya
Keyword(s):  
Economic Growth ◽  
Carbon Tax ◽  
The Impact

scholarly journals Tax Mix, Tax Reform and Economic Growth in Morocco: A Quantitative Analysis

2020 ◽  
Vol 6 (1) ◽  
pp. p44
Author(s):  
Mohamed Karim ◽  
Mohamed Bouzahzah ◽  
Ahmed Touzani
Keyword(s):  
Economic Growth ◽  
Quantitative Analysis ◽  
Social Policy ◽  
Tax Reform ◽  
Economic Situation ◽  
Tax System ◽  
Ability To Pay ◽  
Public Finances ◽  
Policy Debates ◽  
Current Economic Situation

The current economic situation and its effects on the situation of public finances thus place the tax system, even more than before, at the heart of economic and social policy debates. This debate can only be fruitful and lead to relevant recommendations on the basis of a global diagnosis of this system, both in terms of its structure and legislative construction, as well as in terms of its day-to-day practice and management by the administration and taxpayers, and its perception by all parties concerned. The aim is to establish a fairer tax system in which each taxpayer pays his taxes according to his ability to pay and an effective tax system to promote economic growth.

scholarly journals Measuring the impact of marginal tax rate reform on the revenue base of South Africa using a microsimulation tax model

2015 ◽  
Vol 18 (3) ◽  
pp. 380-394 ◽  
Author(s):  
Yolande Jordaan ◽  
Nicholaas J Schoeman
Keyword(s):  
Economic Growth ◽  
Tax Reform ◽  
Fiscal Year ◽  
Optimum Level ◽  
Tax Rates ◽  
Strong Response ◽  
Taxable Income ◽  
Marginal Tax Rates ◽  
Tax Efficiency ◽  
The Impact

This paper is primarily concerned with the revenue and tax efficiency effects of adjustments to marginal tax rates on individual income as an instrument of possible tax reform. The hypothesis is that changes to marginal rates affect not only the revenue base, but also tax efficiency and the optimum level of taxes that supports economic growth. Using an optimal revenue-maximising rate (based on Laffer analysis), the elasticity of taxable income is derived with respect to marginal tax rates for each taxable-income category. These elasticities are then used to quantify the impact of changes in marginal rates on the revenue base and tax efficiency using a microsimulation (MS) tax model. In this first paper on the research results, much attention is paid to the structure of the model and the way in which the database has been compiled. The model allows for the dissemination of individual taxpayers by income groups, gender, educational level, age group, etc. Simulations include a scenario with higher marginal rates which is also more progressive (as in the 1998/1999 fiscal year), in which case tax revenue increases but the increase is overshadowed by a more than proportional decrease in tax efficiency as measured by its deadweight loss. On the other hand, a lowering of marginal rates (to bring South Africa’s marginal rates more in line with those of its peers) improves tax efficiency but also results in a substantial revenue loss. The estimated optimal individual tax to gross domestic product (GDP) ratio in order to maximise economic growth (6.7 per cent) shows a strong response to changes in marginal rates, and the results from this research indicate that a lowering of marginal rates would also move the actual ratio closer to its optimum level. Thus, the trade-off between revenue collected and tax efficiency should be carefully monitored when personal income tax reform is being considered.

scholarly journals Impacts of Carbon Tax Policy on CO2 Mitigation and Economic Growth in China

2011 ◽  
Vol 2 (3) ◽  
pp. 124-133 ◽  
Author(s):  
Shenglü Zhou ◽  
Minjun Shi ◽  
Na Li ◽  
Yongna Yuan
Keyword(s):  
Economic Growth ◽  
Tax Policy ◽  
Carbon Tax ◽  
Co2 Mitigation

scholarly journals AN EMPIRICAL INVESTIGATION OF THE IMPACTS OF CARBON TAX ON ECONOMIC GROWTH IN NIGERIA

2015 ◽  
pp. 114-131
Author(s):  
Alhassan Mohammed ◽  
Aminu Aminu
Keyword(s):  
Economic Growth ◽  
Carbon Emission ◽  
Carbon Tax ◽  
Negative Impact ◽  
Positive Impact ◽  
Strict Adherence ◽  
Tax Rate ◽  
Long Run ◽  
Causality Tests ◽  
Bound Test

This study is designed to investigate the anticipated impact of carbon tax on economic growth in Nigeria using the scenario of the proposed tax rate on the primary carbon emission-related activities. This study therefore employed ARDL bound test and Toda-Yamamoto causality tests to show the existence of long-run relationship between carbon tax and economic growth. The study therefore revealed that: carbon tax has positive impact on economic growth; governance has negative impact on economic growth: non-existence of causal relationship between carbon tax and economic growth in Nigeria. Hence, the study recommended among others, upward review of carbon tax and strict adherence to the regulation of tax rate on carbon emission be enforced, as well as consideration for application of tax rate on other non-primary emitters of carbon in Nigeria.

scholarly journals PAJAK KARBON, KERUSAKAN KARBON, DAN PERTUMBUHAN EKONOMI DI LIMA BELAS NEGARA SELAMA 27 TAHUN

2018 ◽  
Vol 7 (2) ◽  
Author(s):  
Riris Rotua Sitorus ◽  
Tangguh Pratysto
Keyword(s):  
Economic Growth ◽  
Open Economy ◽  
Carbon Tax ◽  
Control Variable ◽  
Generalized Least Squares ◽  
Consumption Expenditure ◽  
Carbon Production ◽  
Working People ◽  
Per Capita ◽  
Generalized Least Squares Estimation

The purpose of this study is to analyze the effect of carbon tax and carbon damage on economic growth in 15 (fifteen) countries from 1990 to 2017. Based on the results of research by weather scientists who stated that there are 50-500 possibilities to limit global warming at 2 degrees Celsius above average global temperatures from pre-industrial times throughout the 21st century.Global warming is caused by cumulative carbon emissions which continue to increase from year to year, resulting in threats to the world's sustainable development. Therefore carbon production must be limited by imposing a tax on carbon so that economic growth can run normally and even increase.Researchers used the open economy model Y = (C, I, G, NX) namely final household consumption expenditure (C), foreign direct investment (I), government final consumption general expenditure (G), and import export per GDP (NX) for control variables. The researcher also used the Cobb-Douglas Y = (K, L) production function, namely gross capital formation (K) and the ratio of working people per population (L) to the control variable. The data used were panel data in 15 countries that applied Carbon Tax from 1990 to 2017. Researchers used GLS (Generalized Least Squares) estimation to analyze the effect of carbon tax and carbon destruction on economic growth.The result is a carbon tax can stimulate the growth of real gross domestic product per capita and carbon damage hinder economic growth.

Objections to a Carbon Tax

2019 ◽  
pp. 115-128
Author(s):  
Gilbert E. Metcalf
Keyword(s):  
Economic Growth ◽  
Greenhouse Gas Emissions ◽  
Greenhouse Gas ◽  
Climate Policy ◽  
Coal Mining ◽  
Emission Reduction ◽  
Carbon Tax ◽  
Coal Miners ◽  
Gas Emissions

This chapter addresses common objections to a carbon tax including whether the science is settled enough to put a price on greenhouse gas emissions, whether the tax will hurt economic growth, or whether the tax will kill jobs. It dispels a number of myths about climate policy and coal mining while making the case for providing transitional relief to coal miners and other groups particularly hard hit by the tax. It also discusses how the tax can be designed to ensure that long-term emission reduction goals are met.

scholarly journals Keeping An Eye On Environmental Quality in Tanzania as Trade, Industrialization, Income and Urbanization Continue To Grow

2021 ◽  
Author(s):  
Mwoya Byaro ◽  
Gemma Mafwolo ◽  
Hozen Mayaya
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Environmental Quality ◽  
Carbon Dioxide Emissions ◽  
Urban Population ◽  
Carbon Tax ◽  
Threshold Value ◽  
Bounds Testing ◽  
Short And Long Term

Abstract By applying the ARDL (autoregressive distributed lag) bounds testing method, this study examines the short and long-term dynamic relationship between carbon dioxide (CO2) emissions, economic growth (Gross Domestic Product), industrialization, trade and urban population in Tanzania from 1990 to 2020. The study found that economic growth, trade, industrialization, and the urban population all contributed to the increase in environmental degradation (i.e. carbon dioxide emissions). However, we found that financial credit (i.e. domestic credit to the private sector) reduces carbon dioxide emissions, but its effects are not significant. Our findings revealed that economic growth (i.e. income) was responsible for both short and long-term increases in carbon dioxide emissions in Tanzania. Economic growth is harmful to the environmental quality above a threshold value of 6.23%. Our findings suggest that policy makers should monitor and use the threshold levels to manage carbon dioxide emissions and to protect the environmental quality. Further, a strong focus should be placed on formulating environmental policies (i.e. carbon tax policy) as industrialization, urban population, economic growth and trade continue to grow in future, restricting carbon dioxide emissions and safeguarding the environment.

The Climate Change Objection to Economic Growth

2018 ◽  
Author(s):  
Bas van der Vossen ◽  
Jason Brennan
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Carbon Tax ◽  
Rich Country ◽  
Global Poverty ◽  
Poor Countries ◽  
Dangerous Climate Change

This book argues for increased economic growth as a cure for poverty. This chapter responds to the objection that such growth is unacceptable because it leads to dangerous climate change. The authors agree that such growth will lead to climate change, that such climate change is dangerous, and endorse a carbon-tax scheme that allows sufficient growth to address global poverty. Two objections to this view are discussed. The first holds that growth should be stopped as much as possible. However, this ignores the fact that dangerous climate cannot be prevented, and the extent of suffering by the world’s poor because of a lack of growth. The second objection wants to reduce growth in rich societies, but not poor societies. But this overlooks the fact that different economies are intertwined, so that a reduction in growth in a rich country can often disproportionally harm poor countries.

scholarly journals The impact of a carbon tax on economic growth and carbon dioxide emissions in Ireland

2013 ◽  
Vol 56 (7) ◽  
pp. 934-952 ◽  
Author(s):  
Thomas Conefrey ◽  
John D. Fitz Gerald ◽  
Laura Malaguzzi Valeri ◽  
Richard S.J. Tol
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Carbon Dioxide Emissions ◽  
Carbon Tax ◽  
The Impact
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