The traditional Tax Systems have a wide potential of externality´s corrections directed to make possible the development of circular economy and green markets. Which circumstances make optimum the impact point of taxes inside green business? What kind of elements is sufficient condition to use the extra fiscal dimension of taxes? The last questions explain, in part, the main objective of this paper: support the selective incentives as favorable category for the develop of circular economy and green markets, all of them starting on the Tax System postulates, this allows find the equilibria point for the implementation of an optimums theoretical proposal.
Dear Reynier Limonta Montero,
Yes, designing and introducing a tax system that would promote pro-environmental business ventures, green finance, green investments, support companies and enterprises that pursue sustainable development goals, produce pro-environmental products and services, zero-emission business ventures, etc. is an interesting issue that could significantly support the process of pro-environmental transformation of the classic brown economy to a sustainable, green circular economy. However, in order for such a pro-environmental tax system to be introduced, it is necessary to significantly increase the scale of the pro-environmental, general social awareness of citizens, and also fuller cooperation of the scientific, business and political circles in the matter of making the necessary pro-environmental changes and amendments to legal norms regarding various aspects of pro-environmental policy, fiscal policy, socio-economic policy and other areas of the economy.
Best regards,
Dariusz Prokopowicz
A good tax system should meet five basic conditions: fairness, adequacy, simplicity, transparency, and administrative ease. Although opinions about what makes a good tax system will vary, there is general consensus that these five basic conditions should be maximized to the greatest extent possible.
The idea of using taxes and special fees (or "green taxes") to protect the environment is not new. ... Charges can be levied on products that cause environmental damage in their manufacture or use. Effluent taxes can be imposed on polluters according to the amount of harmful material they discharge into the air or wate
I think that first the definition of what is a green business should be more accurate and specific and enshrined in law, just like a label. The reason for this is that right now every business labels itself as green even if most of them are achieving token sustainable practices such as recycling. The mindset here is I recycle so I am green! A tax system that promotes true commitment towards achieving a real Triple Bottom Line approach and encapsulating the UN SDG's is possible and easy to put into place. The businesses woud have to prove that they are achieving certain targets in exchange for a tax rebate. The thing that is missing is political will to do it as it means that businesses will have to invest into new technologies and change the way they operate. This being said, being "green" does not cost you more money, it tends to save you money as you use and re-use materials, use less energy and utilities
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