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Sustainability-oriented Future EU Funding: Fuel taxation as future EU own resource
The paper analyses the potential of a surcharge on national fuel taxes as sustainability-oriented own resource to finance
the EU budget. Our estimations show that such a surcharge could yield substantial revenues, ranging between 12.93 billion
€ (for a surcharge of 0.03 €) and 86.2 billion € (for a surcharge of 0.2 €) per year. Besides the contribution an EU fuel
tax would make to various sustainability-related EU goals and strategies, it would help to address two specific problems inherent
in the current EU system of fuel taxation. An EU fuel tax designed as a surcharge on national fuel taxes would decrease the
existing tax bias in favour of diesel, as the surcharge would be levied uniformly on gasoline and diesel, which in most EU
countries is taxed at lower rates, alike. Moreover, by increasing national fuel tax rates, the surcharge would – depending
on its level – mitigate or even remove the "under-taxation" of fuel in relation to the minimum fuel tax rates stipulated in
the EU Energy Tax Directive in a number of EU member countries, which is caused by the absence of regular inflation adjustment
of nominal fuel tax rates.
JEL-Codes:F02, F36, F53, H23, H87
Keywords:EU budget, sustainability-oriented taxation, tax-based own resources, fuel tax, EU system of own resources
Forschungsbereich:Makroökonomie und öffentliche Finanzen
Sprache:Englisch