Studies in Policy Choices and Interactions
Edited by Larry Kreiser, Mikael S. Andersen, Birgitte E. Olsen, Stefan Speck, Janet E. Milne and Hope Ashiabor
Chapter 7: Tax expenditures to promote environmentally responsible investment
There is a trend towards increased use of multi-targeted tax incentives. When drafting them to promote environmentally responsible investment, it is necessary to be aware of some possible problems and solutions. The following sections explain how tax incentives may be contemplated as tax expenditures, with their pros and cons, as compared with direct outlays. Nowadays, environmental tax expenditures may be affected by some blurred limits on gaps and artificially exploited mismatches, but there is also room for corporate social responsibility initiatives. The main efforts made by the public administrations to identify, measure and control the tax expenditures are assessed. Despite the lack of comparative legal studies in this field, some lessons can be learned from a review of the heterogeneous practices existing at different territorial levels. In addition, a particular comment is included on developing economies.
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