The public health and ecological impacts of volatile organic compound(VOCs) pollution have become a serious problem in China,arousing increasing attention to emissions control.In this context,this paper analyses the e...The public health and ecological impacts of volatile organic compound(VOCs) pollution have become a serious problem in China,arousing increasing attention to emissions control.In this context,this paper analyses the effectiveness of VOC reduction policies,namely pollution charges and environmental taxes at the national and industrial sector levels.It uses a computable general equilibrium model,which connects macroeconomic variables with VOC emissions inventory,to simulate the effects of policy scenarios(with 2007 as the reference year).This paper shows that VOC emissions are reduced by 2.2% when a pollution charge equal to the average cost of engineering reduction methods-the traditional approach to regulation in China-is applied.In order to achieve a similar reduction,an 8.9% indirect tax would have to be imposed.It concludes that an environmental tax should be the preferred method of VOC regulation due to its smaller footprint on the macroeconomy.Other policies,such as subsidies,should be used as supplements.展开更多
This paper deals with the approach to imposing value-added tax （VAT） on financial transactions. The VAT is a highly harmonized consumption tax within the European Union （EU）. VAT operational rules have been set do...This paper deals with the approach to imposing value-added tax （VAT） on financial transactions. The VAT is a highly harmonized consumption tax within the European Union （EU）. VAT operational rules have been set down by the relevant directive of the Council of the EU. Under the directive, it is possible to select either exemption or taxation of financial transactions. Only the first option is permitted in the Czech Republic. Pros and cons of both models are described, in particular, the problems with determining the difference between financial transactions and other similar performance that must always be subject to tax. Potential lower VAT revenue or tax base assessment, as appropriate, seems to be crucial in the case of the taxation of financial transactions.展开更多
基金supported by the National Basic Research Program(973 Program)of China:[Grant Number2012CB955800]the National Natural Science Foundation(863 Program)of China:[Grant Number 2012 AA063101]the "Strategic Priority Research Program" of the Chinese Academy of Sciences[Grant Number XDB05050200]
文摘The public health and ecological impacts of volatile organic compound(VOCs) pollution have become a serious problem in China,arousing increasing attention to emissions control.In this context,this paper analyses the effectiveness of VOC reduction policies,namely pollution charges and environmental taxes at the national and industrial sector levels.It uses a computable general equilibrium model,which connects macroeconomic variables with VOC emissions inventory,to simulate the effects of policy scenarios(with 2007 as the reference year).This paper shows that VOC emissions are reduced by 2.2% when a pollution charge equal to the average cost of engineering reduction methods-the traditional approach to regulation in China-is applied.In order to achieve a similar reduction,an 8.9% indirect tax would have to be imposed.It concludes that an environmental tax should be the preferred method of VOC regulation due to its smaller footprint on the macroeconomy.Other policies,such as subsidies,should be used as supplements.
文摘This paper deals with the approach to imposing value-added tax （VAT） on financial transactions. The VAT is a highly harmonized consumption tax within the European Union （EU）. VAT operational rules have been set down by the relevant directive of the Council of the EU. Under the directive, it is possible to select either exemption or taxation of financial transactions. Only the first option is permitted in the Czech Republic. Pros and cons of both models are described, in particular, the problems with determining the difference between financial transactions and other similar performance that must always be subject to tax. Potential lower VAT revenue or tax base assessment, as appropriate, seems to be crucial in the case of the taxation of financial transactions.
