But the Canary Islands, which has no ecotax
(although it is considering one), also fell by seven per cent, suggesting the ecotax
wasn't to blame for the fall.
Part of the impetus for ecotax reform comes from the recognition of the limitations of environmental policies pursued solely through conventional regulatory instruments.
Another part of the impetus for ecotax reform has come from the side of tax-policy-makers and Ministries of Finance, through the recognition that some ecotaxes could have the potential for raising significant revenues.
An important ingredient in the discussion of ecotax reform is the scale of the tax changes that would be involved, and the notion that the introduction of new environmental taxes might significantly alter the constraints and opportunities in tax policy-making.
Energy taxes, in the form of a carbon tax, were the main ingredient in Sweden's ecotax reform, and the European Commission's proposal for a carbon-energy tax in the early 1990s would have likewise generated appreciable revenues--between 1 and 3 per cent of total fiscal receipts in member states.
Where would ecotax reform fit into the current pattern of British tax policy, and how far would it alter the constraints and problems which the tax system currently faces?
The level of pollution abatement achieved by an ecotax depends on individual polluters' responses to the abatement incentive that the tax creates.
The Conseil constitutionnel vetos several provisions of the Social Security Financing Act for 2001, in particular the degressive reduction in the CSG and the abolition of the Loi Thomas which created retirement savings plans, and rejects the the extension of the ecotax
and the transfer of tobacco duty (two measures intended to finance the 35-hour week).
But this is where the problem lies, since opinions diverge within member states as to which resources should be selected (VAT base, ecotax
, tax on company profits, etc).
A sort of ecotax
, but I hope that we will be able to define it more clearly before long.
The Greens group co-ordinator on the committee, Kathalijne Buitenweg (NL), believes that introducing an EU-wide ecotax
would simultaneously "anchor" an EU policy (the "polluter pays" principle) while helping remove a system which leads to an "irrational" and ultimately destructive debate which focuses on reducing member states' net contributions.
Competition Commissioner Mario Monti met again on December 14 with Germany's Federal Finance Minister Hans Eichel to discuss the German authority's request for authorisation to extend the ecotax
scheme introduced in April 1999, and above all the exemptions granted to certain enterprises.