Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/223514 
Year of Publication: 
2020
Series/Report no.: 
CESifo Working Paper No. 8442
Publisher: 
Center for Economic Studies and Ifo Institute (CESifo), Munich
Abstract: 
Most governments will have to raise additional resources to deal with the aftermath of the corona crisis. This paper argues that excise duties on drinking, smoking, gambling, sugar-sweetened beverages, plastics, fossil fuels, motoring, telecoms and platforms are the preferred instruments. In nearly all cases, excise duties improve the efficient allocation of resources, while reliance on them is consistent with an equitable tax system. Also, excise duties can be administered more easily than income and value added taxes. Current excise duties are way below efficient levels. It should be possible to triple their yield, especially in developing countries.
Subjects: 
excise duties
resource mobilization
smoking
drinking
gambling
sugar-sweetened beverages
plastics
fossil fuels
motoring
telecoms
platforms
luxury consumption
JEL: 
H21
H23
H25
Document Type: 
Working Paper
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