The tax base around the world is shrinking for traditional excise taxes, including taxes on tobacco, alcohol, and motor fuel. But newer excise taxes on things like carbon, cannabis, and ride-sharing are on the rise.
This trend has the potential to significantly affect the global economy.
Adam Hoffer, Director of Excise Tax Policy, joins Jesse to discuss how excise taxes have been used by policymakers in the past and how that is changing. They discuss what makes a good design for these taxes and where excise taxes may go in the future as the traditional “sin tax” base continues to shrink.
Links:
https://taxfoundation.org/global-excise-tax-policy-application-trends/
https://taxfoundation.org/unlock-global-growth-role-of-taxation/
https://taxfoundation.org/principles#Stability
https://taxfoundation.org/taxedu-video-cannabis/
https://taxfoundation.org/taxedu-video-carbon-tax-explained/
Follow us!
https://twitter.com/AdamJHoffer
https://twitter.com/TaxFoundation
https://twitter.com/deductionpod
https://twitter.com/solisjesse
Support the Show.
Follow us!
https://twitter.com/TaxFoundation
https://twitter.com/deductionpod
Support the show
Trump and Biden’s Tariff Tango
A Journey Through Germany’s Tax Laws
From Gallons to Miles: Rethinking Road Taxes
Taxocracy Tales with Scott Hodge
Survey Says Tax Confusion
Biden’s Budget Blueprint
Unpacking the Impact of TCJA, IRA, and CHIPS on the U.S. Economy
Launching Tax Foundation Europe
Costly Inputs: Unraveling Sales Tax's Impact on Businesses
Exploring the Impact of the 2024 Tax Relief Act
Tackling Financial Literacy with Jed Collins
Saving Americans’ Dwindling Savings
Economic Education Month and TaxEDU
Prohibition by Price
The Inflation Reduction Act One Year Later
Interesting Interest Rates
The Wayfair Sales Tax Ruling, Five Years Later
A Bittersweet Broadcast
Tax Ideas for the EU Green Transition
The FairTax?
Create your
podcast in
minutes
It is Free
City Manager Unfiltered
Potencial Americano
The ASIC Podcast
The Chris Plante Show
Strict Scrutiny