| Title | Taxation for a Circular Economy: New Instruments, Reforms, and Architectural Changes in the Fiscal System |
|---|---|
| ID_Doc | 1744 |
| Authors | Vence, X; Pérez, SDL |
| Title | Taxation for a Circular Economy: New Instruments, Reforms, and Architectural Changes in the Fiscal System |
| Year | 2021 |
| Published | Sustainability, 13, 8 |
| Abstract | This article addresses fiscal policy as a key instrument for promoting the transition to a circular economy. It is based on the hypotheses that (1) the current tax system penalizes circular activities, which are generally labour intensive, as opposed to new product manufacturing activities, which are generally intensive in materials and energy, highly automated and robotized, and (2) that the environmental taxation implemented in recent decades is unable to introduce significant changes to stop climate change or keep the economy within planetary ecological limits. This article examines the basis of an alternative tax system and tax instruments for correcting the current linear economy bias and driving the transition to a circular economy. Proposals are developed for both structural and partial reforms of the fiscal system, focusing on tax measures that can be implemented in the medium or short term to boost a circular economy. More specifically, we suggest a complete redesign of the currently opaque and significant amount of tax expenditure to transform environmentally harmful tax benefits into environmentally friendly tax measures that are suitable for the circular economy. |
Similar Articles
| ID | Score | Article |
|---|---|---|
2971
|
Pérez, SDL; Abelenda, AT; Deza, XV Taxation and the circular economy in Spain: current situation and potentialities of the use of tax benefits(2023)Revista Galega De Economia, 32, 1 | |
| 16422
|
Stahel, WR Policy for material efficiency-sustainable taxation as a departure from the throwaway society(2013)Philosophical Transactions Of The Royal Society A-Mathematical Physical And Engineering Sciences, 371, 1986 | |
| 555
|
Xia, L Study on Fiscal and Taxation Policies on the Development of Circular Economy(2016) | |
| 1856
|
Liu, WW; Li, RX Tax System to Promote Circular Economy in China with International Tax Experience(2017)Agro Food Industry Hi-Tech, 28, 1 | |
| 2452
|
Hondroyiannis, G; Sardianou, E; Nikou, V; Evangelinos, K; Nikolaou, I Circular economy and macroeconomic performance: Evidence across 28 European countries(2024) | |
| 181
|
Sterev, N; Ivanova, V Circular Economy: New Opportunities for Growth(2021) | |
| 4127
|
Ferrante, L; Germani, AR Does Circular Economy Play a Key Role in Economic Growth?(2020)Economics Bulletin, 40, 3 | |
| 1515
|
Khanna, M; Gusmerotti, NM; Frey, M The Relevance of the Circular Economy for Climate Change: An Exploration through the Theory of Change Approach(2022)Sustainability, 14, 7 | |
| 341
|
Hartley, K; van Santen, R; Kirchherr, J Policies for transitioning towards a circular economy: Expectations from the European Union (EU)(2020) | |
| 4892
|
Hill, JE The circular economy: from waste to resource stewardship, part I(2015)Proceedings Of The Institution Of Civil Engineers-Waste And Resource Management, 168, 1 |