All I want for Christmas is new taxation – and….
Have you been naughty or nice this year? If you were the former, congratulations – you just helped the federal budget. As Craig Morris points out, our efforts to do the right thing have a hidden price tag – they reduce tax revenue. Most of all, he wonders why more people haven’t asked for the thing he wants for everyone from Santa this year. Dear Santa, You probably grow weary of everyone asking you for toys and world peace, so I have an unusual request this year. You see, the taxes we have will increasingly prove to be an obstacle during the energy transition. Take the suggestion from the Christian Socialists (CSU) of Bavaria for tolls on German roads for example. This month, the German government announced a verson of it will made law. Originally, the CSU proposed the idea of having everyone, including naughty foreigners, pay to use German roads (not just the autobahn). The Germans pay for their roads with an annual (domestic) tax based on the size of the car’s engine and CO2 … Continue reading All I want for Christmas is new taxation – and….
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