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EU Taxes as Genuine Own Resource to Finance the EU Budget – Pros, Cons and Sustainability-oriented Criteria to Evaluate Potential Tax Candidates

Author

Listed:
  • Margit Schratzenstaller
  • Alexander Krenek

    (Austrian Institute of Economic Research)

  • Danuše Nerudová
  • Marian Dobranschi

    (Mendel University in Brno)

Abstract

EU taxes play a key role in political and economic discussions about the future of the EU's own resource system, and their desirability can vary accordingly. It is therefore essential to clearly articulate the goals which are to be achieved by the introduction of this new financing tool. This paper provides a critical overview of advantages and disadvantages of EU taxes. Reviewing the conventional fiscal federalism and political economy literature on this topic it can be concluded that there is no obvious (overall) case for funding the EU budget with EU taxes rather than with contributions by member countries which currently make up for the lion's share of EU own resources. There are, however, some specific issues arising from a sustainability perspective, which could be addressed with the introduction of EU taxes. Departing from a comprehensive concept of sustainability, which is based on the economic, the social, the environmental and the cultural and institutional pillar of sustainability, the paper reviews sustainability gaps in taxation in the EU. EU taxes if designed accordingly may be suitable instruments to reduce these sustainability gaps. The paper also develops criteria based on the four dimensions of sustainability that may be used in a next step to evaluate potential candidates for EU taxes.

Suggested Citation

  • Margit Schratzenstaller & Alexander Krenek & Danuše Nerudová & Marian Dobranschi, 2016. "EU Taxes as Genuine Own Resource to Finance the EU Budget – Pros, Cons and Sustainability-oriented Criteria to Evaluate Potential Tax Candidates," WIFO Studies, WIFO, number 58887, April.
    • Handle: RePEc:wfo:wstudy:58887
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    File URL: https://www.wifo.ac.at/wwa/pubid/58887
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    Citations

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    Cited by:

    1. Karl Aiginger, 2016. "New Dynamics for Europe: Reaping the Benefits of Socio-ecological Transition – Part I: Synthesis. WWWforEurope Deliverable No. 11," WIFO Studies, WIFO, number 58791, February.
    2. Veronika Solilová & Danuše Nerudová, 2018. "Výnosový potenciál společného konsolidovaného korporátního základu daně v Evropské unii [Revenue Potential of the CCCTB in the European Union]," Politická ekonomie, Prague University of Economics and Business, vol. 2018(1), pages 78-98.
    3. Margit Schratzenstaller & Alexander Krenek, 2016. "Sustainability-oriented EU Taxes:The Example of a European Carbon-based Flight Ticket Tax," WIFO Studies, WIFO, number 58888, February.
    4. Margit Schratzenstaller & Alexander Krenek, 2019. "Tax-based Own Resources to Finance the EU Budget. Potential Revenues, Summary Evaluation from a Sustainability Perspective, and Implementation Aspects," WIFO Working Papers 581, WIFO.
    5. Kawecka-Wyrzykowska Elżbieta, 2020. "Assessment of the European Commission's proposals for financing the EU budget in 2021–2027," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 56(3), pages 193-208, September.
    6. Alexander Krenek & Mark Sommer & Margit Schratzenstaller, 2021. "A WTO-compatible Border Tax Adjustment for the ETS to Finance the EU Budget," WIFO Working Papers 596, WIFO.
    7. Margit Schratzenstaller, 2020. "Reformbedarf und Reformoptionen für das EU-Budget aus österreichischer Perspektive," WIFO Monatsberichte (monthly reports), WIFO, vol. 93(3), pages 177-191, March.
    8. Alexander Krenek & Mark Sommer & Margit Schratzenstaller, 2019. "Sustainability-oriented Future EU Funding. A European Border Carbon Adjustment," WIFO Working Papers 587, WIFO.
    9. Margit Schratzenstaller, 2017. "The Next Multiannual Financial Framework (MFF), its Structure and the Own Resources," WIFO Studies, WIFO, number 60722, February.

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