Germany A review of the 2014 agricultural diesel tax break By Mariah Monnens, Spencer Tuskowski, and...
-
Upload
buddy-nicholson -
Category
Documents
-
view
214 -
download
0
Transcript of Germany A review of the 2014 agricultural diesel tax break By Mariah Monnens, Spencer Tuskowski, and...
![Page 1: Germany A review of the 2014 agricultural diesel tax break By Mariah Monnens, Spencer Tuskowski, and Tyler Hubler.](https://reader030.fdocuments.in/reader030/viewer/2022032600/56649dc35503460f94ab588e/html5/thumbnails/1.jpg)
Germany
A review of the 2014 agricultural diesel tax break
By Mariah Monnens, Spencer Tuskowski, and Tyler Hubler
![Page 2: Germany A review of the 2014 agricultural diesel tax break By Mariah Monnens, Spencer Tuskowski, and Tyler Hubler.](https://reader030.fdocuments.in/reader030/viewer/2022032600/56649dc35503460f94ab588e/html5/thumbnails/2.jpg)
Germany’s Diesel Tax Break
• Agricultural and forestry sector producers will be able to claim a tax break on diesel consumption from 2014 to 2016, as introduced in an EU meeting in March of 2013
• Germany will support firms in the agricultural sector in the form of tax benefits: €214,80 per 1000 liters of diesel or a total of approximately €400 million per year
• We will suggest reasons for not implementing this subsidy
![Page 3: Germany A review of the 2014 agricultural diesel tax break By Mariah Monnens, Spencer Tuskowski, and Tyler Hubler.](https://reader030.fdocuments.in/reader030/viewer/2022032600/56649dc35503460f94ab588e/html5/thumbnails/3.jpg)
Economic History
![Page 4: Germany A review of the 2014 agricultural diesel tax break By Mariah Monnens, Spencer Tuskowski, and Tyler Hubler.](https://reader030.fdocuments.in/reader030/viewer/2022032600/56649dc35503460f94ab588e/html5/thumbnails/4.jpg)
Modern Economy
![Page 5: Germany A review of the 2014 agricultural diesel tax break By Mariah Monnens, Spencer Tuskowski, and Tyler Hubler.](https://reader030.fdocuments.in/reader030/viewer/2022032600/56649dc35503460f94ab588e/html5/thumbnails/5.jpg)
Trading
![Page 6: Germany A review of the 2014 agricultural diesel tax break By Mariah Monnens, Spencer Tuskowski, and Tyler Hubler.](https://reader030.fdocuments.in/reader030/viewer/2022032600/56649dc35503460f94ab588e/html5/thumbnails/6.jpg)
The German Agricultural Sector• One of the smallest sectors of the
German economy
• Most policies made by EU and not Germany
• Subsidy and Export Subsidy Programs
• Economic value of agricultural exports is €60.1 billion, growth of 7% since 2011
• Germany is a net-importer of food products
• Germany offers far more tax breaks on use
of fuel compared to other countries such as USA
• 84,858,000,000 pounds of diesel fuel used in 2011
![Page 7: Germany A review of the 2014 agricultural diesel tax break By Mariah Monnens, Spencer Tuskowski, and Tyler Hubler.](https://reader030.fdocuments.in/reader030/viewer/2022032600/56649dc35503460f94ab588e/html5/thumbnails/7.jpg)
Effect of the Subsidy
![Page 8: Germany A review of the 2014 agricultural diesel tax break By Mariah Monnens, Spencer Tuskowski, and Tyler Hubler.](https://reader030.fdocuments.in/reader030/viewer/2022032600/56649dc35503460f94ab588e/html5/thumbnails/8.jpg)
Analysis of the Policy
![Page 9: Germany A review of the 2014 agricultural diesel tax break By Mariah Monnens, Spencer Tuskowski, and Tyler Hubler.](https://reader030.fdocuments.in/reader030/viewer/2022032600/56649dc35503460f94ab588e/html5/thumbnails/9.jpg)
Conclusion
We stand by our proposal to end the subsidy over concerns with its ability to increase agricultural production in Germany
![Page 10: Germany A review of the 2014 agricultural diesel tax break By Mariah Monnens, Spencer Tuskowski, and Tyler Hubler.](https://reader030.fdocuments.in/reader030/viewer/2022032600/56649dc35503460f94ab588e/html5/thumbnails/10.jpg)