scholarly journals Green Tax Reform in Australia in the Presence of Improved Environment-Induced Productivity Gain: Does it Offer Sustainable Recovery from a Post-COVID-19 Recession?

2020 ◽  
Author(s):  
Maruf Maxim ◽  
Kerstin Zander
Keyword(s):  
Tax Reform ◽  
Green Tax Reform ◽  
Productivity Gain ◽  
Sustainable Recovery

scholarly journals Green Tax Reform in Australia in the Presence of Improved Environment-Induced Productivity Gain: Does It Offer Sustainable Recovery from a Post-COVID-19 Recession?

2020 ◽  
Vol 12 (16) ◽  
pp. 6514
Author(s):  
Maruf Rahman Maxim ◽  
Kerstin K. Zander
Keyword(s):  
Computable General Equilibrium ◽  
Tax Reform ◽  
Computable General Equilibrium Model ◽  
Payroll Tax ◽  
Green Tax Reform ◽  
Goods And Services ◽  
Novel Approach ◽  
Productivity Gain ◽  
Positive Externality ◽  
The Impact

Disasters and pandemics such as COVID-19 will change the world in many ways and the road to redemption from the ongoing economic distress may require a novel approach. This paper proposes a path towards economic recovery that keeps sustainability at the forefront. A computable general equilibrium model is used to simulate different green tax reform (GTR) policies for triple dividend (TD), consisting of lower emissions, higher GDP and higher employment. The GTR design consists of an energy tax coupled with one of three tax revenue recycle methods: (i) reduction of payroll tax, (ii) reduction of goods and services tax (GST) and (iii) a mixed-recycling approach. The paper also presents the impact of higher productivity on the tax reform simulations, which is a possible positive externality of lower emissions. The study is based on the Australian economy and the salient findings are twofold: (i) productivity gain in the GTR context improves the GDP and employment outcomes in all three different simulation scenarios and (ii) GST reduction has the highest TD potential, followed by reduction of payroll tax.

Green tax reform in Denmark

1994 ◽  
Vol 3 (1) ◽  
pp. 139-145 ◽  
Author(s):  
Mikael Skou Andersen
Keyword(s):  
Tax Reform ◽  
Green Tax Reform

Can green taxation trigger plug-in hybrid electric vehicle acquisition?

2019 ◽  
Vol 14 (2) ◽  
pp. 168-186
Author(s):  
Victor Barros ◽  
Hugo Pádua
Keyword(s):  
Electric Vehicle ◽  
Financial Incentives ◽  
Structural Equation ◽  
Hybrid Electric Vehicle ◽  
Large Scale ◽  
Tax Reform ◽  
Financial Incentive ◽  
Content Type ◽  
Green Tax Reform ◽  
Hybrid Electric

Purpose The purpose of this paper is to analyse to what extent financial incentives under the green tax reform introduced in Portugal in 2014 drive behaviours of acquiring a plug-in hybrid electric vehicle (PHEV). Design/methodology/approach The existent literature identifies a number of factors that influence the interest for PHEV acquisition, including access to financial incentives. However, empirical evidence is not clear as to which factors are more relevant. The authors extend an existent theoretical model of five factors by including ten factors. On this basis, the study carries out a survey and develops a structural equation model to investigate what drives the interest to acquire a PHEV. Findings Financial incentives are superior to other factors in explaining the interest in acquiring a PHEV. Education, lower income levels, living in larger cities and driving smaller vehicles shape the interest on these vehicles differently. Financial incentives were found to closely offset the difference in price between conventional vehicles and plug-in hybrids. Social implications This study finds that public policies can be powerful in shaping consumers’ behaviour, although the amount of the financial incentive is key to triggering a large-scale effect. Originality/value The survey in this study allows an in-depth and ex ante analysis of the interest in acquiring PHEV under a green tax reform, taking into account other dimensions and socio-economic variables not accounted for in existent studies.

scholarly journals The Green Tax Revolution

2021 ◽  
Vol 56 (5) ◽  
pp. 284-287
Author(s):  
Csaba László
Keyword(s):  
Tax Policy ◽  
Tax Reform ◽  
Decision Makers ◽  
Huge Amount ◽  
Green Tax Reform ◽  
Green Policy ◽  
Price Structure ◽  
Policy Goals ◽  
The World ◽  
Climate Crisis

AbstractClimate crisis is becoming higher on the agenda of the decision makers of the world. A huge amount of resources have been dedicated to green projects, however far less emphasis has been put on tax policy opportunities. Carbon pricing can increase the burden of CO2 producers, but this does not appear to be enough. We need a Green Tax Reform which focuses on the Pigouvian approach and can correct the distortions of different climate hurting activities. Through tax policy tools, the price structure should be drastically changed and serious incentives should be provided to change the behaviours of the consumers and producers to achieve green policy goals.

Green Tax Reform and Employment Double Dividend in Australia Should Australia Follow Europe’s Footsteps? A CGE Analysis

2020 ◽  
Vol 14 (4) ◽  
pp. 454-472
Author(s):  
Maruf Rahman Maxim ◽  
Kerstin Zander
Keyword(s):  
Carbon Emissions ◽  
Tax Reform ◽  
Value Added ◽  
Double Dividend ◽  
Low Carbon ◽  
Payroll Tax ◽  
Green Tax Reform ◽  
Revenue Recycling ◽  
Tax Reduction ◽  
Energy Tax

Australia has one of the highest per capita carbon emissions, and its energy sector contributes significantly to the country’s carbon emissions. Renewable energy and climate change call for a shift from fossil fuels to low-carbon technologies for energy production. Policies aiming to reduce carbon emissions are perceived by many people as leading to higher living costs, but changes in energy policies can also lead to economic gains in the presence of revenue recycling. This article applies a computable general equilibrium approach to study the effect of energy tax in the Australian economy. Four different scenarios of green tax reform (GTR) are simulated to test the employment double dividend (EDD) potential. All four scenarios simulate changes in energy tax and one of four tax revenue recycling policies including (a) value added tax reduction, (b) payroll tax reduction, (c) goods and services tax (GST) reduction and (d) a mixture of all three recycling policies. The results show strong EDD potential of GST and payroll tax reduction when used along with energy tax in a revenue-neutral GTR approach. The study also presents a comparison of an optimal EDD inducive policy design between the European and Australian GTR approaches. JEL classifications: H23, C68, H21, Q48

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