Keywords
economic externalities
tax disincentives
innovation
competitiveness
Genuine Progress Indicator (GPI)
Gross Domestic Product (GDP)
sustainability
economic resilience
How to Cite
Abstract
Following the 2016 Tax Reform, "Green Taxes" were implemented in Colombia, a mechanism that has been used for decades around the world to correct a major market and government failure, since they are essential for revealing the economic "externalities" that lead society to pay far more for a good than the individual pays to use it. The best economic decision is to reveal and apply the real costs and benefits of our business and social activities. Green taxes, when used to correct and halt environmental degradation, represent a great investment for society and for the future.
References
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SHINDELL, Drew. The social cost of atmospheric release. In: Climatic Change, mayo de 2015, vol. 130, Issue 2, pp. 313-326. DOI: 10.1007/s10584015-1343-0