Tax subsidies to promote environmental responsibility
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Tax subsidies to promote environmental responsibility by Jerome S. Horvitz

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Published by Center for Real Estate and Urban Economic Studies, School of Business Administration, University of Connecticut in Storrs .
Written in English



  • United States.


  • Tax credits -- United States.,
  • Environmental policy -- United States.,
  • Energy policy -- United States.,
  • Fiscal policy -- United States.

Book details:

Edition Notes

Includes bibliographical references.

Statementby Jerome S. Horvitz.
SeriesReal estate report ;, no. 17, Real estate reports ;, no. 17.
LC ClassificationsHD251 .R283 no. 17, HJ4653.C73 .R283 no. 17
The Physical Object
Pagination91 p. ;
Number of Pages91
ID Numbers
Open LibraryOL5249555M
LC Control Number75321988

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Environmental taxes and environmentally harmful subsidies have been on the agenda in many countries in Europe the last couple of years. Environmental taxes aim to decrease the harm to the environment while there are subsidies that support the activities that might be harmful to the environment. Subsidies accorded directly or through the tax system to encourage producers and consumers to choose the inputs and goods that have favourable properties from the environmental perspective. In contrast with taxes, they provide incentives by decreasing the price or purchasing costs of a product. Since these subsidies are meant to provide incentivesCited by: environmental taxes and subsidies for each. Finally, this Note concludes by proposing that the best method, in terms of market efficiency and political reality, for achieving environmental improvements in the United States is to increase reliance on environmental subsidies. I. OVERVIEW OF ENVIRONMENTAL PROBLEMS. Environmental Tax tax system can be used to subsidise environmentally beneficial goods or vehicle emissions or road fuel, a subsidy for hybrid electric vehicles may encourage people to drive more. Incentives An alternative to taxing environmental “bads” is to provide tax relief for environmental “goods”. The actionsby, for example, VATFile Size: KB.

  Carbon tax, which makes people pay the social cost of pollution. Subsidy. e.g. subsidy of alternative energy sources. Pollution permits, e.g. carbon trading schemes where firms are given the right to pollute a certain amount; these permits can be traded with other firms. Environmental taxes encourage your business to operate in a more environmentally friendly way. There are taxes and schemes for different types and size of business. You may get reliefs or be exempt from some taxes, for example if: you use a lot of energy . Subsidy Reform and Sustainable Development POLITICAL ECONOMY ASPECTS OECD Sustainable Development Studies Unsustainable subsidies are pervasive in the industry, agriculture, transport and energy sectors of most OECD countries. They are expensive for governments and can have harmful environmental and social effects.   According to the International Energy Agency (IEA), the subsidies given to the oil and gas industry outnumber those given to the renewable energy market by .

Using Tax Expenditures to Promote Policy Goals Tax Subsidies for Selected Assets and Industries A neutral tax system promotes an effi cient allocation of invest-ment because it enables business and household decisions to refl ect the social productivity of assets instead of their tax benefi ts. Tax subsidies for selected assets and industries. A. Provisions of the federal income tax that subsidize domestic production of fossil fuels include the expensing of exploration, development, and intangible drilling costs; the use of percentage depletion instead of cost depletion to recover drilling and development costs of oil and gas wells and coal mining properties; and numerous smaller incentives for production and distribution of . A subsidy is a direct or indirect payment to individuals or firms, usually in the form of a cash payment from the government or a targeted tax cut. In economic theory, subsidies can be used to offset market failures and externalities in order to achieve greater economic efficiency. Subsidy programs existed in Australia well before the carbon tax was introduced, encouraging households to install solar power systems, rainwater harvesting and .