Downstream Energy Taxation in the OECD: Where Does Oil Stand?
Article from: OGEL 3 (2004), in Taxation
The taxation of energy, like the taxation of other goods and services, essentially serves the purpose of fulfilling certain government objectives. These objectives, besides the fundamental motivation of raising revenue, also encompass capturing rents, redistributing income, encouraging changes in consumption patterns or supporting certain sectors of the economy through the implementation of various policies. While fiscal policies earmark revenues as excise tax, VAT or special taxes (e.g., environmental taxes, fuel storage taxes, and taxes for various funds), energy policy ...