The Carousel Value-added Tax Fraud in the European Emission Trading System
AbstractIn this article, we analyse the effects of the carousel value-added tax fraud in the European carbon market and the legislative measures that the EU Member States could adopt to deal with this phenomena. We use a computable general equilibrium model, called GTAP-E and the version 6 of the GTAP database to evaluate the economy-wide and terms of trade effects. The policy test has been designed for five European countries: Belgium, France, Germany, Italy, Netherlands and the United Kingdom. According to our findings, the legislative measures aimed to remove the VAT fraud in the European Emission Trading System will have positive effects in terms of GDP and welfare in the selected EU Member States.
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Bibliographic InfoPaper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2012.75.
Date of creation: Oct 2012
Date of revision:
Domestic Emission Trading; General Equilibrium Analysis; Legislative Measures; Value-added Tax Fraud; Welfare;
Find related papers by JEL classification:
- C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
- H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion
- K34 - Law and Economics - - Other Substantive Areas of Law - - - Tax Law
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-11-24 (All new papers)
- NEP-CMP-2012-11-24 (Computational Economics)
- NEP-ENE-2012-11-24 (Energy Economics)
- NEP-ENV-2012-11-24 (Environmental Economics)
- NEP-EUR-2012-11-24 (Microeconomic European Issues)
- NEP-IUE-2012-11-24 (Informal & Underground Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- McDougall, Robert & Alla Golub, 2007. "GTAP-E: A Revised Energy-Environmental Version of the GTAP Model," GTAP Research Memoranda 2959, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
- Claudia Kemfert & Michael Kohlhaas & Truong P. Truong & Artem Protsenko, 2005. "The Environmental and Economic Effects of European Emissions Trading," Discussion Papers of DIW Berlin 533, DIW Berlin, German Institute for Economic Research.
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