This book explores one way in which a tax system might help promote competitiveness and sustainable development. Focusing on the UK corporation tax, it recommends the introduction of a Resource Productivity Tax Credit, where resource productivity is defined as the money value of outputs relative to the money value of material resource and non-renewable energy inputs. The book is structured such that it first explores the legal mandate to promote competitiveness and sustainable development as contained in article 3(3) of the Treaty of the European Union. It then explores what competitiveness and sustainable development actually mean, particularly in an EU policy context, through the lenses of Europe 2020 and the EU Sustainable Development Strategy. It concludes that not only is there a great deal of common ground between competitiveness and sustainable development, as objectives, but that increasing resource productivity is a necessary means to those shared ends.Ruding O., Conclusions and Recommendations of the Committee of Independent Experts on Company Taxation [commonly called the Ruding Report] (Office for ... Samuelson P.A., Tax Deductibility of Economic Depreciation To Insure Invariant Valuations, Journal of Political Economy (1964) vol. ... The Global Competitiveness Report 2010a2011 (World Economic Forum: Geneva, Switzerland, 2010).
|Title||:||The Taxing Road to Sustainable Growth: Resource Productivity and Corporate Taxation|
|Author||:||Mark Bowler Smith|
|Publisher||:||IBFD - 2013|