About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

1 Alex Muresianu, et al., How Well Do Carbon Taxes Match Their Promise? A New Proposed Metric 1 (2023)

handle is hein.taxfoundation/hwwedcntx0001 and id is 1 raw text is: *STAX FOUNDATION How Well Do Carbon Taxes Match Their Promise? A New Proposed Metric Alex Muresianu Policy Analyst Alex Mengden Global Policy Analyst Michael Hartt Research Assistant November 2023 Key Findings • Carbon taxes are a popular solution to climate change because they are an economically efficient way to price in negative externalities of greenhouse gas emissions. • In practice, carbon taxes have been partial measures, either exempting certain sectors of the economy or offering substantially reduced rates for certain activities. • One way to judge the design and administration of carbon taxes is by measuring the ratio of actual revenue collected divided by potential revenue, known as a c-efficiency ratio. The resulting ratio illus- trates how well the tax captures the theoretical tax base. • The Canadian territories of Northwest Territories and British Columbia, as well as Japan and Luxem- bourg, performed the best, with c-efficiency ratios around or above 0.6. • The average c-efficiency ratio of the jurisdictions studied is 0.29, and the weighted average c-efficiency ratio is 0.24. • Some countries employ multiple carbon pricing systems, often for different sectors of the economy, which explains some carbon taxes' lower c-efficiency ratios. • The high c-efficiency ratios of some high-income jurisdictions that rely heavily on carbon taxes show it is a viable policy tool for capturing its desired tax base. The Tax Foundation is the world's leading nonpartisan tax policy 501 (c)(3) nonprofit. For over 80 years, our mission has remained the same: to improve lives through tax policies that lead to greater economic growth and opportunity. TAX FOUNDATION 1325 G STREET, NW, SUITE 950, WASHINGTON, DC 20005 202-464-6200 1 laxfoundation.org

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most