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Global taxes

Author

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  • Shome, Parthasarathi

    (National Institute of Public Finance and Policy)

Abstract

This paper argues that environmentlly oriented revenue sources are the preferred option for a global tax reflecting their ability to generate a double dividend by, first, helping to keep the environment clean with its concomitant positive impact on community welfare and, second, enabling the use of the revenue collected to mitigate global developmental concerns. A global carbon tax with the requirement of a minimum contribution is most suitable among alternative energy taxes even though taxes on transport congestion are also feasible. Global financial transactions taxes-despite their significant revenue potential--carry the possibility of distorting prices and volumes of international financial transactions. Based on selected experiences in international treaty making from the recent past, it is not certain, however, that either tax would be easy to introduce. Questions also arise regarding their administration on a global scale unless innovatively designed, regulated and implemented.

Suggested Citation

  • Shome, Parthasarathi, 1995. "Global taxes," Working Papers 95/5, National Institute of Public Finance and Policy.
    • Handle: RePEc:npf:wpaper:95/5
    Note: Working Paper 5, 1995
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    File URL: http://www.nipfp.org.in/newweb/sites/default/files/wp_1995_05.pdf
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    Citations

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    Cited by:

    1. Richard M. Bird, 2014. "Global Taxes and International Taxation: Mirage and Reality," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1429, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    2. Richard M. Bird, 2018. "Are global taxes feasible?," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 25(5), pages 1372-1400, October.

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    Keywords

    Taxation;

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