Author : Sebastiano Garufi
Release : 2014
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
GET EBOOK
Book Synopsis Border Tax Adjustments and Environmental Protection by : Sebastiano Garufi
Download or read book Border Tax Adjustments and Environmental Protection written by Sebastiano Garufi. This book was released on 2014. Available in PDF, EPUB and Kindle. Book excerpt: In recent decades environmental protection and more generally global warming have attracted great political concern. In this respect taxes can be some valid governmental tools to pursue specific environmental purposes, as well as to create incentives to change unsustainable patterns of production and consumption into "green" ones. This paper first discusses about the role that taxes can play as a political instrument to stimulate responsible behaviours and illustrates some internationally shared principles regarding environmental policies. Then it provides for a definition of "Border Tax Adjustments" ("BTA") in order to focus on whether the application of BTA with a view to implement some friendly-environment policies may be in contravention with international trade law, as provided for in the GATT. The analysis concludes that even if BTA are generally admitted, under the destination principle, in the WTO context, there still remain some difficult issues to be solved. Adjustments imposed by States in order to pursue environmental goals should comply with all the requirements set forth in the GATT, but the lack of clear definitions and the case-by-case approach taken by the WTO case-law cannot give a clear answer to the question as to whether BTA for environmental purposes are consistent with international trade law. A solution to the problem might therefore reside in a case-by-case approach, in a broader international cooperation and in more enhanced market solutions (i.e. consumers should prefer environmental-friendly products to polluting ones).
