An Energy Tax for Europe

Create these jobs.

A feed in tariff subsidizes the low carbon energy source rather than taxing the high carbon energy source.

Critics who worry about the cost of the energy tax have not thought about tax substitutions.

By imposing a stiff tax on energy consumption, Europeans would reduce both consumption of energy and its price in world markets, in turn cutting the flow of funds to Russia and Iran.

That is why the energy tax must be imposed as a tax substitution, with income or payroll taxes simultaneously reduced to keep real resource transfers to government at a constant level.

But, relative to other forms of taxation, energy taxation tends to benefit consumers overall.

Taxing the Israeli Occupation

2260 Tax on transport facilities

Suppose that we levy a small tax on existing coal power plants in order to pay for the solar subsidy, and then gradually raise consumers electricity bills as more and more solar plants are phased in.

Critics who worry about the cost of the energy tax have not thought about tax substitutions. They also do not seem to realize that an energy tax is a much cheaper way for Europe to protect itself from Iran and Russia than alternative means, such as a defense buildup.

(107) Introduction of an (at least) EU wide CO2 energy tax that has a neutral effect with regard to competition and total tax revenue volume

A Scot!

So an energy tax roughly equal to the euro s 33 appreciation in recent years would be about right.

Put a price on carbon.

2210 Tax on foreign exchange transactions

(97) Taxation of aircraft fuels

But Europe can fight back. By imposing a stiff tax on energy consumption, Europeans would reduce both consumption of energy and its price in world markets, in turn cutting the flow of funds to Russia and Iran.

Under the FairTax, the federal government would be able to concentrate tax enforcement efforts on a single tax.

Perhaps after 2008, the politics in America will change in favor of an energy tax, but such a tax is needed now.

5. The Turks and Caicos Islands levies no income tax, capital gains tax or sales tax.

The venerableNew York Times editorial page was apparently opposed to an energy tax until only recently, when the newspaper finally endorsed the idea.

An Inequality Tax

introduction of VAT on domestic fuel

A tax called a death tax is regarded very differently from a tax called an inheritance tax, even though the two are really identical.

During its EU presidency, the Federal Government continues to pursue the issue of the above mentioned CO2 energy tax. Outlook

For example, an increase in direct taxes, such as income tax, can reduce consumption by twice as much as energy and carbon taxes that raise the same amount of revenue.

Developing nations should also push for a Tobin tax a tax on global foreign currency transactions.

Personal income tax would be reviewed, company tax breaks rationalized and basic goods exempted from VAT.

The country has for many years pursued a strategy of indirect taxation as an instrument of environmental policy, including energy taxes in general and carbon dioxide taxes in particular.

Mention the idea of an energy tax to any potential 2008 US Presidential candidate, and their faces will pale.

And inflation is essentially a hidden tax on the public.

Green and Galiana propose limiting carbon pricing initially to a low tax (say, 5.00 a ton) to finance energy research and development.

The Corporate Tax Conundrum

2220 Stamp tax

2250 Statistical tax

There are inheritance taxes, there are...

The penalty of middle age.

That had been accomplished by widening the tax base, improving administration efficiency, reducing corporate income tax, introducing a personal income tax of 10 per cent and keeping value added tax at 10 per cent.

The world should implement a global bank tax.

Moreover, the government budget is balanced every year, since the coal tax pays for the solar subsidy.

Energy Return on Energy Invested.

The third change is a tax on the financial sector, in the form of a Financial Activities Tax on profits and remuneration at big banks that enjoy implicit government guarantees.

Even the United States has imposed a windfall profits tax.

(Tobin s tax applied specifically to foreign exchange trading.)