shifting taxation: key to an inclusive, circular...
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Shifting taxation:
key to an inclusive,
circular economy
Femke Groothuis | The Ex’tax Project
Our tax system needs an update
to address the challenges
of the 21st century.
www.ex-tax.com
personeel
Labour taxes high: efficiency means saving on employees
containers
Natural resource taxes low:
unrestrained use
The Ex’tax proposal
International supporters of the Ex’tax principles
European Commission - since 1993
‘The tax burden must be redistributed
so as to lighten the burden on labour
and increase the burden on the use
of natural resources.’
European Commission (1993) Growth, competitiveness and employment.
Challenges and the ways forward into the 21th century.
.
€ 4.9 trillion in taxes per year
European Commission (2013) Taxation Trends in the European Union | EU-27 total tax revenues 2011.
51% on labour
European Commission (2013) Taxation Trends in the European Union | EU-27 weighted average 2011.
6% ‘green’ taxes
European Commission (2013) Taxation Trends in the European Union | EU-27 weighted average 2011.
0.3% on pollution, natural resources
European Commission (2013) Taxation Trends in the European Union | EU-27 weighted average 2011.
23 miljoen Europeanen werkloos
25.5 million Europeans unemployed
Eurostat (June 3, 2014) Unemployment statistics | April 2014
‘world needs 600 million jobs in the next decade’ (ILO)ILO: 600 million jobs needed worldwide
ILO (2012) Global Employment Trends 2012: Preventing a deeper jobs crisis.
Abundance of human capital
Scarcity of natural resources
Water scarcity is affecting
1.2 billion lives
UN (accessed 2014) Water for Life Decade.
7 million deaths annually
linked to air pollution
WHO (March 25, 2014) 7 million premature deaths annually linked to air pollution.
From a linear system…
…to a circular system
Urban mining R&D
Repair
Lease &
Maintenance
services
Redesign Take-back
systems
Labour-intensive business models
The tax system
is a barrier for business
to hire more people
and save resources.
Frequently asked questions
- How to maintain a stable income for government?
- What is the impact on businesses?
Ex’tax knowledge partners
Ex’tax Policy Toolkit:
The range of options
for a tax shift
Case study
The Netherlands
(focus group)
*Indicative
Case study
The Netherlands
(under construction)
What is the impact of a tax shift on businesses?
First impact analysis
& The Ex’tax
Project
Carbon emissions
Water
Social
contributions
- 31 multinationals
- 2012 data
Businesses are calling for carbon pricing
www.climatecommuniques.com
Ameren Corporation
American Electric Power Company
Apache Corporation
BP
Chevron Corporation
CMS Energy Corporation
ConAgra Foods
ConocoPhillips
Cummins Inc.
Delta Air Lines
Delphi Automotive
Devon Energy Corporation
Duke Energy Corporation
E.I. Du Pont
Entergy Corporation
Exxon Mobil Corporation
General Electric Company
Hess Corporation
Integrys Energy Group
Jabil Circuit
Microsoft Corporation
PG&E Corporation
Royal Dutch Shell
Total
Wells Fargo & Company
Xcel Energy
Wal-mart Stores
Walt Disney Company
29 multinationals apply
an internal price on carbon ($ 6-60/ton)
CDP (2013) Use of internal carbon price by companies as incentive and strategic planning tool.
Toolkit for Business: risks & opportunities from a business perspective
business modellen
Business models adapt to market circumstance
Arbeid/ DIENSTVERLENING goedkoper: repareren loont
Lower labour costs:
repair & maintenance services
recycling fabriek
Lower labour costs:
recycling
Growth based on
human capital
Shifting taxation is key to an inclusive, circular economy
We welcome your
support and expertise
www.ex-tax.com
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