Tobacco Taxation in the European Union

Cnossen, Sijbren

doi:10.1628/001522106x120686

“…9 Assumption 4 also means that debt maturity is in line with the investment lifetime. 10 Default occurs when the …rm does not meet its debt obligation. In this case it is expropriated by the lender.…”

mentioning

confidence: 99%

S-based taxation under default risk

Panteghini

¹

2006

Journal of Public Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may S-BASED TAXATION UNDER DEFAULT RISK AbstractThis article studies the characteristics of a S-based tax system under default risk. In particular we show that its neutrality properties depend on whether debt is protected or unprotected. In the former case, this system is neutral. In the latter case, where default timing is optimally chosen by shareholders, the S-based system is neutral with respect to real decisions only if the firm's and the lender's tax rate are equal. However, the shareholders' decision to default is always distorted.JEL Code: H25, H32.

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“…Accordingly, he regards the tobacco tax as the secret star of Luxembourg taxes. Similarly, Cnossen (2006) shows for example that Luxembourg had the second lowest prices for cigarettes among the EU15 countries, with a retail price €2.88 for the most popular price category of a pack of 20 cigarettes, whereas retail prices in its neighbouring countries were substantially higher in 2006 (Belgium: €3.56; France: €5.00 and Germany: €4.47) and argues that "Luxembourg is a prime example of a major bootlegging country due to the much higher total tax rates on tobacco products in neighbo[u]ring states. If annual consumption per adult in Luxembourg were the same as average consumption in Belgium, France, and Germany, then only 10% of cigarettes bought in the duchy would be consumed there".…”

Section: Luxembourg and The Grande-régionmentioning

confidence: 98%

“…Rietveld Bruinsma and Van Vuuren, 2001;Cnossen, 2006). Yet, with the exception of a couple of studies by the Luxembourg statistical office STATEC (Allegrezza et al, 2005;Genevois and Zanardelli, 2008), relatively little is known about the magnitude of cross-border shopping in Luxembourg and its economic and fiscal importance.…”

Section: Introductionmentioning

confidence: 99%

Cross-border commuting and consuming: an empirical investigation

Mathä

¹

,

Porpiglia

²

,

Ziegelmeyer

³

2016

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The HFCN collects household-level data on households' finances and consumption in the euro area through a harmonised survey. The HFCN aims at studying in depth the micro-level structural information on euro area households' assets and liabilities. The objectives of the network are: Terms of use: Documents in EconStor may1) understanding economic behaviour of individual households, developments in aggregate variables and the interactions between the two;2) evaluating the impact of shocks, policies and institutional changes on household portfolios and other variables;3) understanding the implications of heterogeneity for aggregate variables; 4) estimating choices of different households and their reaction to economic shocks; 5) building and calibrating realistic economic models incorporating heterogeneous agents; 6) gaining insights into issues such as monetary policy transmission and financial stability.The refereeing process of this paper has been co-ordinated by a team composed of Gabriel Fagan (ECB), Pirmin Fessler (Oesterreichische Nationalbank), Michalis Haliassos (Goethe University Frankfurt) , Tullio Jappelli (University of Naples Federico II), Sébastien PérezDuarte (ECB), Jiri Slacalek (ECB), Federica Teppa (De Nederlandsche Bank), Peter Tufano (Oxford University) and Philip Vermeulen (ECB).The paper is released in order to make the results of HFCN research generally available, in preliminary form, to encourage comments and suggestions prior to final publication. The views expressed in the paper are the author's own and do not necessarily reflect those of the ESCB. Abstract: This paper analyses empirically how cross-border consumption varies across product and services categories and across household characteristics. It focuses on the part of crossborder sales that arise due to work-related cross-border crossings; it analyses the crossborder consumption behaviour of cross-border commuter households residing in Belgium, France and Germany and working in Luxembourg. In total, it is estimated that these households spend €925 million per annum in Luxembourg, reflecting about 17% of their gross annual income from Luxembourg and contributing about 10% to total household final consumption expenditure in Luxembourg. Cross-border consumption expenditure is shown to depend on individual and household characteristics, such as total household income, the number of cross-border commuters in the household, distance between home and work, as well as price level (...

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“…The valuation of the damage done to individuals (children) in the vicinity of smokers ('passive smoking') is of course a very complicated matter. Nevertheless, the social cost of smoking -if there is any -appears to be more than sufficiently compensated by high tobacco excises, see also Cnossen (2006) and Crawford et al (2010). 14 Finally, the low-income groups are overrepresented among smokers, which renders tobacco excises typically regressive.…”

Section: Corrective Taxation Of Other Goodsmentioning

confidence: 99%

From Optimal Tax Theory to Applied Tax Policy

Jacobs

¹

2013

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. This paper aims to provide a perspective on the ideal tax system using insights from optimaltax theory supplemented with empirical evidence. These insights are applied to actual policy questions regarding the progressiveness of the labor income tax, in-work tax credits, the design of the capital income tax, the taxation of housing and pensions, the role of indirect taxes, optimal environmental taxes, and corrective taxes on alcohol and tobacco. Terms of use: Documents in EconStor may

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Tobacco Taxation in the European Union

Cited by 34 publications

References 14 publications

S-based taxation under default risk

S-based taxation under default risk

Cross-border commuting and consuming: an empirical investigation

From Optimal Tax Theory to Applied Tax Policy

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