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Annual CBS International Tax Conference 2022


Date and time

Wednesday 23. November 2022 at 09:00 to 18:00

Registration Deadline

Monday 21. November 2022 at 23:00

Location

SPs12 Ørsted Aud., Solbjerg Plads , 2000 Frederiksberg SPs12 Ørsted Aud.
Solbjerg Plads
2000 Frederiksberg

Annual CBS International Tax Conference 2022


Annual CBS International Tax Conference 2022

Cross-Border Issues of Tax Policies Preventing Climate Change

Conference approach and goals

To prevent and avoid disastrous effects from climate change a progressive transition to net zero greenhouse gas emissions by 2050 is generally regarded as essential. Many countries have adopted ambitious goals in their national legislation to achieve this goal. For example, Denmark passed legislation with an ambition to reduce GHG emissions by 70% by 2030.

There is strong consensus amongst countries that tax policy instruments will be essential in achieving net zero GHG emissions in 2050, as well as the intermediate national 2030 legislative goals. However, as of yet the combined national emission reduction commitments and policies fall short of the results needed to stave off the negative impacts of climate change. The OECD and European Commission are therefore looking to coordinate tax policy instruments on an international level to boost effectiveness and stimulate the wide legal adoption of such tax instruments. With G20 countries accounting for around 80% of GHG emission, the G20/OECD has expressed a wish to form an Inclusive Framework for global coordination of the taxation of GHG emissions with the aim to have broad global cooperation that extends well beyond the OECD membership.

Currently, there is not enough international tax policy discussion on how to achieve the goals, while preserving levels of prosperity and well-being, growth, and employment on both the international and national level. Such a discussion should go beyond merely carbon pricing and/or environmental taxation solutions. For example, to truly decarbonise production processes and move from a linear to a circular economy model, innovation stimuli should also be considered as part of the policy mix.

A fundamental question to be answered is if tax instruments, for both pricing-in external costs as well as stimulating innovation, are in fact the best available policy tools to get the job done. And if so, how does one coordinate these (tax) policy instruments in such a way internationally so that the GHG emission levels are effectively and sustainably reduced on a global level? In answering these questions, one has to also address and/or navigate several complicating factors. For instance:

1.       The time until 2030 in which to achieve fundamental changes in society is very short, perhaps too short for tax instruments to affect enough change in behaviour.

2.       While the world economy is still recovering from the impact of COVID-19, it is now also reeling from the speed at which interest rates are rising, and rates of inflation are increasing while the threat of a protracted war in Europe is looming. The question is where the necessary public and private investments to achieve the climate goals will come from in such an economic environment.

3.       And even when 1 and 2 are solved, there is a structural shortage on the labour market to implement the practical solutions on a scale needed to make a significant impact.

4.       How the necessary regulation and legislation can be shaped, enacted, and coordinated in time while having to navigate the political landscape of multiple countries

This conference aims therefore to promote the international tax law and policy discussion concerning climate change and tax policy, and concretely contribute to the development of policy instruments and supporting legislation that can act quickly and decisively without pushing the world economy in a recession that would make the necessary enormous (mostly private) investments illusory

 

Program 23 November 2022

9:00

9:10

Peter Koerver Schmidt

Opening and Welcome

 

 

Professor with special responsibilities in tax law Copenhagen Business School

 

9:10

9:40

Jeroen Lammers

Setting the Scene

 

 

External PhD Candidate tax law University of Amsterdam / External Lecturer tax law CBS

Sketching the legal framework and possible tax law instruments to reduce GHG emissions based on a comparison of the Danish and Dutch approach

9:40

10:25

Kurt van Dender

Inclusive Forum on Carbon Mitigation Approaches

 

 

Head of Tax and Environment Unit, Senior Tax Economist OECD

Organising international cooperation on the design and the implementation of policy instruments mitigating climate change at the global level.

10:25

11:00

Coffee break

 

11:00

11:45

Niels Kleis Frederiksen

Tax, subsidise or ban?

 

 

Chief Counsel Ministry of Taxation

Relationship between climate policy objectives and rational tax and subsidy policy design. Why are taxes good climate policy tools? Why use tax on CO2 rather income tax incentives?

11:45

12:30

Marilyne Sadowsky

Fiscal Policies to Mitigate Climate Change

 

 

Associate Professor of tax law (Maître de Conférences) University Panthéon-Sorbonne

Discussing global trends in fiscal policies mitigating climate change and how these policies compare.

12:30

13:30

Lunch

 

13:30

14:15

Lars Gårn Hansen

Denmark and the world

 

 

Professor Food and Resource Economics University of Copenhagen / Member of the Chairmanship of the Danish Economic Council

The Danish approach and how that approach could complement international action to mitigate climate change.

14:15

15:00

An Theeuwes

Carbon Pricing Principles

 

 

Global Tax Policy Manager Shell / Chair Green Tax Working Group BUSINESSEUROPE / Co-Chair ICC Working Group Carbon Pricing Mechanisms

The business perspective on principles underpinning policy instruments, such as carbon pricing, and how to design them to fit day-to-day corporate operations.

15:00

15:30

Coffee break

 

15:30

16:15

Tarcísio Diniz Magalhães

Sustainable Windfall Profit Tax

 

 

Assistant Research Professor in Digitalization and Taxation at UAntwerp Faculty of Law (Business & Law Research Group)

The superiority of cost-internalising income taxation over consumption-based environmental taxes in a global context.

16:15

16:20

Peter Koerver Schmidt

Closing Remarks

16:20

18:00

Reception

 


Presentation of speakers: 


Kurt van Dender

Kurt Van Dender is the Head of the Tax and Environment Unit at the OECD’s Centre for Tax Policy and Administration. His work focuses on the use of fiscal and market-based instruments to pursue environmental, transport and climate policy objectives, and on the interactions between environmental taxation and the broader tax system. Kurt also works on the nexus of tax and investment policy, and leads the work on OECD publications on carbon pricing (Effective Carbon Rates) and the taxation of energy (Taxing Energy Use). Before joining the OECD Centre for Tax Policy and Administration, Kurt was the Chief Economist of the International Transport Forum, and Professor of Economics at the University of California at Irvine. He holds a Ph.D. in Economics from the University of Leuven in Belgium.


Niels Kleis Frederiksen 

MSc. in Economics, University of Copenhagen. Head of Tax Policy, Ministry of Finance, 2003-2013. Chief Advisor, Ministry of Taxation, 2013.



Lars Gårn Hansen 

Lars Gårn Hansen, born March,1959, focuses his research on the theory of regulation, compliance and enforcement. His main interest is environmental, resource and consumer regulation, but other areas such as consumer behavior regarding environmental and health implications (food and electricity) are covered as well. Basic research with applications to the aforementioned is also carried out within cooperation, norms and behavioral and experimental economics. He is currently one of the chairmen of the economic councils that advise the government on economic and environmental economic issues.


Jeroen Lammers

Jeroen Lammers is external lecturer at CBS and he is writing his PhD on the spirit of international corporate tax law at the University of Amsterdam. In addition, he is partner at Dr2 Consultants Copenhagen. Before, Jeroen held various positions at the Dutch business confederations VNO-NCW and MKB-Nederland, amongst which director for economic policy and head of tax policy.


Tarcísio Diniz Magalhães

Dr. Tarcísio Diniz Magalhães is Assistant Professor at University of Antwerp Faculty of Law (Business & Law Research Group) and Research Professor at DigiTax Centre of Excellence and Antwerp Tax Academy. Prior, he was Tax Lecturer at McGill University Faculty of Law and Postdoctoral Research Fellow at IBFD.

Paper available here


Marilyne Sadowsky  

Associate Professor of tax law at the Sorbonne Law School (University Paris1 Panthéon-Sorbonne), co-director of the master program in tax law. Marilyne Sadowsky has been a visiting professor at Boston Law School (United States) and teaches as an invited professor at several universities. Her research mainly covers international, European and comparative tax law.


Peter Koerver Schmidt

Peter Koerver Schmidt is professor with special responsibilities in Tax Law with particular emphasis on Danish and International Corporate Tax Law.

An Theeuwes

Chair Green Tax Working Group BUSINESSEUROPE, and Co-Chair ICC Working Group Carbon Pricing Mechanisms.

Event Location

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Organizer Contact Information

Copenhagen Business School
Phone: +45 3815 3815
seminar.jur@cbs.dk

Organizer Contact Information

Copenhagen Business School
Phone: +45 3815 3815
seminar.jur@cbs.dk