The Carousel Value-added Tax Fraud in the European Emission Trading System

Maria Berrittella and Filippo Alessandro FCimino
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Maria Berrittella: Dipartimento di Scienze Economiche, Aziendali e Finanziarie, Università degli Studi di Palermo
Filippo Alessandro FCimino: Facoltà di Scienze Economiche e Giuridiche, Università Kore di Enna

No 2012.75, Working Papers from Fondazione Eni Enrico Mattei

Abstract: In this article, we analyse the effects of the carousel value-added tax fraud in the European carbon market and the legislative measures that the EU Member States could adopt to deal with this phenomena. We use a computable general equilibrium model, called GTAP-E and the version 6 of the GTAP database to evaluate the economy-wide and terms of trade effects. The policy test has been designed for five European countries: Belgium, France, Germany, Italy, Netherlands and the United Kingdom. According to our findings, the legislative measures aimed to remove the VAT fraud in the European Emission Trading System will have positive effects in terms of GDP and welfare in the selected EU Member States.

Keywords: Domestic Emission Trading; General Equilibrium Analysis; Legislative Measures; Value-added Tax Fraud; Welfare (search for similar items in EconPapers)
JEL-codes: C68 H26 K34 Q58 (search for similar items in EconPapers)
Date: 2012-10
New Economics Papers: this item is included in nep-cmp, nep-ene, nep-env, nep-eur and nep-iue
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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2012.75

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