| Description |
1 online resource (28 pages) |
| Series |
IMF working paper, 2227-8885 ; WP/98/146 |
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IMF working paper ; WP/98/146.
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| Summary |
Environmental taxes have attracted increasing attention as a policy instrument to deal with pollution externalities. The standard Pigovian prescription entails charging the polluter a price for emissions which raises the private costs to the level of the social costs. Besides their ability to achieve environmental objectives, pollution taxes are also considered desirable because of their capacity to generate public revenue. In particular, governments can use these revenues to cut distortionary labor taxes thereby improving the environment and possibly enhancing the efficiency of the tax system as well. In the literature this is known as the "double dividend" hypothesis (cf. Terkla, 1984; Pearce, 1991; Bovenberg and de Mooij, 1994). Also, the revenues can be used to finance a rise in public spending on consumption or on projects aimed at abating environmental degradation |
| Bibliography |
Includes bibliographical references (pages 26-28) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Fiscal policy.
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Finance, Public.
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Externalities (Economics)
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Tax remission.
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Public goods.
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Direct costing.
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General equilibrium model
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Taxation -- Environmental aspects
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Pollution -- Taxation
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Expenditures, Public -- Costs
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Direct costing
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Externalities (Economics)
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Finance, Public
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Fiscal policy
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Pollution -- Taxation
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Public goods
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Tax remission
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Taxation -- Environmental aspects
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| Form |
Electronic book
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| Author |
International Monetary Fund. Fiscal Affairs Department.
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| ISBN |
1282003429 |
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9781282003422 |
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9781451901726 |
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1451901720 |
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1462332730 |
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9781462332731 |
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1452710864 |
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9781452710860 |
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9786613795649 |
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661379564X |
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