Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Fiscal Affairs Department.
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| ISBN: | 1282003429
9781282003422
9781451901726
1451901720
1462332730
9781462332731
1452710864
9781452710860
9786613795649
661379564X
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| Notes: | Includes bibliographical references (pages 26-28).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Environmental taxes have attracted increasing attention as a policy instrument to deal with pollution externalities. The standard Pigovian prescription entails charging the polluter a price for emissions which raises the private costs to the level of the social costs. Besides their ability to achieve environmental objectives, pollution taxes are also considered desirable because of their capacity to generate public revenue. In particular, governments can use these revenues to cut distortionary labor taxes thereby improving the environment and possibly enhancing the efficiency of the tax system as well. In the literature this is known as the "double dividend" hypothesis (cf. Terkla, 1984; Pearce, 1991; Bovenberg and de Mooij, 1994). Also, the revenues can be used to finance a rise in public spending on consumption or on projects aimed at abating environmental degradation.
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| Other form: | Print version: Ligthart, Johanna Elisabeth. Optimal fiscal policy and the environment. [Washington, D.C.] : International Monetary Fund, Fiscal Affairs Department, 1998
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| Standard no.: | 10.5089/9781451901726.001
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