Time & Location
28 Sept 2021, 15:00 – 17:00 CEST
About the event
Tax policy across the EU is currently mis-aligned with the objectives of the Green Deal. Taxes increase government revenues, curb aggregate demand, discourage undesirable social and environmentally damaging activities, free-up spare capacity, and can help reduce inequality - among other things.
Efforts at environmental tax reform are often hampered - on one hand - by concerns about regressive social impacts, and - on the other - by vested interests that benefit from the status quo. Yet the OECD has found that environmental taxes were the most common form of tax rises as part of COVID-19 recovery efforts. And there is evidence that pricing environmental externalities are best pursued as part of comprehensive, progressive tax reforms, with such measures now gaining traction in many countries.
This event will explore different EU member state experiences with energy and wider environmental tax reform to date and discuss the opportunities arising from the COVID-19 recovery to build EU tax systems that are both fair and green.