CONCEPT OF ENVIRONMENTAL TAXES AS EU’S OWN RESOURCE AND CGE MODELLING OF ITS EFFECTS ON SLOVAKIA

• Authors: Páleník Viliam , Miklošovič Tomáš
• Languages of publication: EN

Abstracts

EN

EU’s own resources create the base of the European budget revenues. Traditional resources of the European budget are decreasing. The current status of own resources is both inconvenient and confusing. A new concept of environmental taxes can serve as a new EU´s own resource. This concept would lead to more transparent financing of the EU budget and better environmental protection. In combination with an application of the principle of the fiscal neutrality, which consists in a collateral reduction of certain direct taxes, the tax could accelerate economic growth. The concept of the EU´s own resources reform through an introduction of the environmental tax in the amount of 1% of GDP, accompanied by parallel decreasing of the tax burden by the same amount has been proposed. Calculations of macroeconomic effects have been executed with help of the computable general equilibrium model with the focus on Slovakia.

Keywords

EN

ENVIRONMENTAL TAX; CGE MODEL; EU; TAX RATE; SLOVAKIA

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2018
• Volume: 66
• Issue: 3
• Pages: 268 – 285

Contributors

author

Páleník Viliam

• Institute of Economic Research, Slovak Academy of Sciences, Šancova 56, 811 05 Bratislava, Slovak Republic

author

Miklošovič Tomáš