Re:A critical step to reduce climate change
by burfog on Thursday May 16, 2019 @04:52AM
(#19927258)
The US has a large well-unified market with good transportation and local sources of fuel. That cuts costs.
Other places, like the EU, don't have all that. They also apply some really extreme taxes. Lack of punitive taxes isn't a subsidy. If the taxes are never imposed in the first place, it isn't even a tax credit.
The average gasoline tax in the US is $0.53 per gallon total, combining all taxes. Just the excise tax in Turkey is $4.32 per gallon!!! The average gasoline-specific tax in the 34 advanced economies is $2.62 per gallon, but then a VAT is applied on top of that.
Other places, like the EU, don't have all that. They also apply some really extreme taxes. Lack of punitive taxes isn't a subsidy. If the taxes are never imposed in the first place, it isn't even a tax credit.
The average gasoline tax in the US is $0.53 per gallon total, combining all taxes. Just the excise tax in Turkey is $4.32 per gallon!!! The average gasoline-specific tax in the 34 advanced economies is $2.62 per gallon, but then a VAT is applied on top of that.