Sustainability-oriented future EU funding: a financial transaction tax
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F17%3A43911992" target="_blank" >RIV/62156489:43110/17:43911992 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1007/s10663-017-9391-5" target="_blank" >https://doi.org/10.1007/s10663-017-9391-5</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s10663-017-9391-5" target="_blank" >10.1007/s10663-017-9391-5</a>
Alternative languages
Result language
angličtina
Original language name
Sustainability-oriented future EU funding: a financial transaction tax
Original language description
Although responsibility for realizing the Europe 2020 strategy is shared between the EU and its 28 member states, the main criticism of the current EU budget relates to the lack of a link between the budget and the Europe 2020 strategy. Therefore the paper focuses on a new budget design as well as alternative revenue sources. One of the possible candidates is a financial transaction tax (FTT). To research FTT revenue potential, a model based on a remittance system was designed. We analyse full or partial replacement of VAT- and GNI-based own resources by the transfer of tax revenues from a FTT raised on the national level to the EU budget. The research reveals that FTT-based own resource would be able to fully replace GNI-based own resource only for some EU member states; however, VAT-based own resource can be fully replaced by a FTT-based own resource for the entire EU. Further, results also show that from the EU11 (28) perspective, the tax is sufficient to fully replace VAT- or GNI-contributions if levied on the EU11 (28) level (not on the national level) as a direct payment to the EU budget without tracking the source member State.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
O - Projekt operacniho programu
Others
Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Empirica
ISSN
0340-8744
e-ISSN
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Volume of the periodical
44
Issue of the periodical within the volume
4
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
45
Pages from-to
687-731
UT code for WoS article
000414176600005
EID of the result in the Scopus database
2-s2.0-85030864696