Abstract
This subject will provide an in-depth study of the principles and workings of excise taxation. The course examines the significance of excise to providing governments with secure streams of revenue, as well as the growing trend to use excise taxation as a means of implementing other policy objectives.
Syllabus
Principles of Excise taxationExcise and importsExcise Rate SettingConsiderations in setting excise rateExcise tariffs and excise taxation mechanismsExcise tariffs ? what is the actual rate?Excise Policy OutcomesExcise and consumptionTaxation versus regulationThe role of excise in energy and environment policyHypothecationExcise AdministrationControl of excisable goodsApproaches to compliance.
Learning outcomes
Upon successful completion of this subject, students should:
1.
be able to explain and discuss critically the main principles which govern excise taxation;
2.
be able to locate and use key international instruments and research appropriate compliance responses to excise taxation and apply that research to practical and theoretical situations that they may face as border regulators and/or managers;
3.
be able to identify and explain the practical impact of excise beyond revenue generation including analysing and critically assessing the regulatory frameworks of different countries against best practice and established international standards;
4.
be able to formulate appropriate and well-developed policy and legal advice for border managers and/or regulators on excise administration and to be able to communicate that advice to others;
5.
be able to explain and discuss critically the rights and responsibilities of States in using excise to achieve certain policy objectives; and
6.
be able to conduct a comparative analysis of relevant excise compliance models including analysing and critically assessing the regulatory frameworks of different countries against best practice and established international standards.