Ground breaking study: ‘New era. New plan. Europe. A fiscal strategy for an inclusive, circular economy’

In December 2016, in cooperation with Deloitte, EY, KPMG Meijburg, PwC, Cambridge Econometrics and Trucost, The Ex’tax Project published the report : New era. New plan. Europe. Fiscal reforms for an inclusive, circular economy. Mr. Sijbesma, CEO of Royal DSM and Co-chair of the Carbon Pricing Leadership Coalition (CPLC, convened by the World Bank) wrote the preface to the report. OECD Secretary-General Mr. Angel Gurría provided an endorsement for the report.

The findings of the report confirmed the positive impact of a tax shift: In a tax shift scenario, GDP and employment results were higher than in a ‘business as usual’ scenario in each of the 27 countries. By 2020, compared to the baseline, 6.6 million more people were in employment.

In conclusion, the findings suggest that a tax shift from labour to natural resource use and consumption is a viable strategy to align tax systems with the Europe 2020 Strategy and the Sustainable Development Goals.

Read and/or download the report here